This property looks like a bad Long-Term investment with a projected -18.32% first-year return on $105k initial cash invested.
-18.32%
Cash On Cash
3.18%
Cap Rate
0.47
DSCR
$2,199
Rent
-$1,603
Cashflow
Cash Flow
$2,199 income − $3,802 expenses = $1,603 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,199
Total Expenses
$3,802
Mortgage P&I
128%
$2,817
Property Taxes
11%
$238
Home Insurance
8%
$175
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0