This property looks like a bad Long-Term investment with a projected -13.85% first-year return on $105k initial cash invested.
-13.85%
Cash On Cash
4.2%
Cap Rate
0.63
DSCR
$3,303
Rent
-$1,213
Cashflow
Cash Flow
$3,303 income − $4,516 expenses = $1,213 out of pocket
Investment Breakdown
|
Purchase Price
$501k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$100k
Closing costs
1%
$5,006
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,303
Total Expenses
$4,516
Mortgage P&I
85%
$2,800
Property Taxes
20%
$665
Home Insurance
5%
$178
HOA
0%
$15
Property Management
10%
$330
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0