This property looks like a bad Long-Term investment with a projected -22.49% first-year return on $105k initial cash invested.
-22.49%
Cash On Cash
1.52%
Cap Rate
0.25
DSCR
$1,156
Rent
-$1,968
Cashflow
Cash Flow
$1,156 income − $3,124 expenses = $1,968 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,156
Total Expenses
$3,124
Mortgage P&I
220%
$2,543
Property Taxes
9%
$105
Home Insurance
15%
$175
HOA
0%
$0
Property Management
10%
$116
CapEx
5%
$58
Vacancy
6%
$69
Maintenance
5%
$58
Other
0%
$0