This property looks like a bad Long-Term investment with a projected -12.48% first-year return on $105k initial cash invested.
-12.48%
Cash On Cash
4.26%
Cap Rate
0.65
DSCR
$3,031
Rent
-$1,092
Cashflow
Cash Flow
$3,031 income − $4,123 expenses = $1,092 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%
$99,980
Closing costs
1%
$4,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,031
Total Expenses
$4,123
Mortgage P&I
90%
$2,715
Property Taxes
15%
$451
Home Insurance
6%
$168
HOA
0%
$0
Property Management
10%
$303
CapEx
5%
$152
Vacancy
6%
$182
Maintenance
5%
$152
Other
0%
$0