This property looks like a bad Long-Term investment with a projected -12.91% first-year return on $105k initial cash invested.
-12.91%
Cash On Cash
3.99%
Cap Rate
0.63
DSCR
$2,840
Rent
-$1,129
Cashflow
Cash Flow
$2,840 income − $3,969 expenses = $1,129 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%
$99,960
Closing costs
1%
$4,998
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,840
Total Expenses
$3,969
Mortgage P&I
93%
$2,650
Property Taxes
14%
$401
Home Insurance
6%
$180
HOA
0%
$0
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0