This property looks like a bad Long-Term investment with a projected -27.4% first-year return on $105k initial cash invested.
-27.4%
Cash On Cash
1.15%
Cap Rate
0.17
DSCR
$1,425
Rent
-$2,397
Cashflow
Cash Flow
$1,425 income − $3,822 expenses = $2,397 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$99,980
Closing costs
1%
$4,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,425
Total Expenses
$3,822
Mortgage P&I
197%
$2,803
Property Taxes
29%
$407
Home Insurance
12%
$175
HOA
5%
$67
Property Management
10%
$142
CapEx
5%
$71
Vacancy
6%
$86
Maintenance
5%
$71
Other
0%
$0