This property looks like a bad Long-Term investment with a projected -15.83% first-year return on $105k initial cash invested.
-15.83%
Cash On Cash
3.44%
Cap Rate
0.53
DSCR
$2,627
Rent
-$1,385
Cashflow
Cash Flow
$2,627 income − $4,012 expenses = $1,385 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,627
Total Expenses
$4,012
Mortgage P&I
102%
$2,687
Property Taxes
18%
$467
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$131
Vacancy
6%
$158
Maintenance
5%
$131
Other
0%
$0