This property looks like a bad Long-Term investment with a projected -19.91% first-year return on $105k initial cash invested.
-19.91%
Cash On Cash
2.07%
Cap Rate
0.34
DSCR
$1,587
Rent
-$1,742
Cashflow
Cash Flow
$1,587 income − $3,329 expenses = $1,742 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$99,980
Closing costs
1%
$4,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,587
Total Expenses
$3,329
Mortgage P&I
159%
$2,526
Property Taxes
13%
$208
Home Insurance
11%
$175
HOA
1%
$8
Property Management
10%
$159
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0