This property looks like a bad Long-Term investment with a projected -15.2% first-year return on $105k initial cash invested.
-15.2%
Cash On Cash
3.43%
Cap Rate
0.54
DSCR
$2,206
Rent
-$1,333
Cashflow
Cash Flow
$2,206 income − $3,539 expenses = $1,333 out of pocket
Investment Breakdown
|
Purchase Price
$501k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$100k
Closing costs
1%
$5,011
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,206
Total Expenses
$3,539
Mortgage P&I
120%
$2,655
Property Taxes
6%
$131
Home Insurance
8%
$180
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0