This property looks like a bad Long-Term investment with a projected -13.43% first-year return on $105k initial cash invested.
-13.43%
Cash On Cash
3.84%
Cap Rate
0.6
DSCR
$2,412
Rent
-$1,174
Cashflow
Cash Flow
$2,412 income − $3,586 expenses = $1,174 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,412
Total Expenses
$3,586
Mortgage P&I
110%
$2,653
Property Taxes
5%
$130
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0