This property looks like a bad Long-Term investment with a projected -7.91% first-year return on $105k initial cash invested.
-7.91%
Cash On Cash
5.21%
Cap Rate
0.8
DSCR
$3,136
Rent
-$692
Cashflow
Cash Flow
$3,136 income − $3,828 expenses = $692 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,136
Total Expenses
$3,828
Mortgage P&I
86%
$2,707
Property Taxes
4%
$130
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$188
Maintenance
5%
$157
Other
0%
$0