This property looks like a bad Long-Term investment with a projected -10.26% first-year return on $105k initial cash invested.
-10.26%
Cash On Cash
4.41%
Cap Rate
0.72
DSCR
$3,543
Rent
-$898
Cashflow
Cash Flow
$3,543 income − $4,441 expenses = $898 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$100,000
Closing costs
1%
$5,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,543
Total Expenses
$4,441
Mortgage P&I
72%
$2,558
Property Taxes
22%
$787
Home Insurance
5%
$175
HOA
0%
$0
Property Management
10%
$354
CapEx
5%
$177
Vacancy
6%
$213
Maintenance
5%
$177
Other
0%
$0