This property looks like a bad Long-Term investment with a projected -14.75% first-year return on $105k initial cash invested.
-14.75%
Cash On Cash
3.77%
Cap Rate
0.57
DSCR
$2,217
Rent
-$1,290
Cashflow
Cash Flow
$2,217 income − $3,507 expenses = $1,290 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
$2,217
Total Expenses
$3,507
Mortgage P&I
124%
$2,749
Property Taxes
0%
$6
Home Insurance
8%
$175
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0