This property looks like a bad Long-Term investment with a projected -13.63% first-year return on $105k initial cash invested.
-13.63%
Cash On Cash
4.02%
Cap Rate
0.61
DSCR
$2,689
Rent
-$1,192
Cashflow
Cash Flow
$2,689 income − $3,881 expenses = $1,192 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,689
Total Expenses
$3,881
Mortgage P&I
102%
$2,732
Property Taxes
10%
$276
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$269
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0