This property looks like a bad Long-Term investment with a projected -19.39% first-year return on $105k initial cash invested.
-19.39%
Cash On Cash
2.7%
Cap Rate
0.41
DSCR
$1,990
Rent
-$1,695
Cashflow
Cash Flow
$1,990 income − $3,685 expenses = $1,695 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$99,900
Closing costs
1%
$4,995
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,990
Total Expenses
$3,685
Mortgage P&I
137%
$2,720
Property Taxes
14%
$272
Home Insurance
9%
$175
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$119
Maintenance
5%
$100
Other
0%
$0