This property looks like a bad Long-Term investment with a projected -18.92% first-year return on $105k initial cash invested.
-18.92%
Cash On Cash
3.07%
Cap Rate
0.45
DSCR
$2,395
Rent
-$1,661
Cashflow
Cash Flow
$2,395 income − $4,056 expenses = $1,661 out of pocket
Investment Breakdown
|
Purchase Price
$502k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$100k
Closing costs
1%
$5,016
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,395
Total Expenses
$4,056
Mortgage P&I
118%
$2,825
Property Taxes
18%
$432
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0