This property looks like a bad Long-Term investment with a projected -18.6% first-year return on $105k initial cash invested.
-18.6%
Cash On Cash
2.47%
Cap Rate
0.4
DSCR
$2,026
Rent
-$1,627
Cashflow
Cash Flow
$2,026 income − $3,653 expenses = $1,627 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%
$99,980
Closing costs
1%
$4,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,026
Total Expenses
$3,653
Mortgage P&I
126%
$2,555
Property Taxes
20%
$396
Home Insurance
9%
$175
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$101
Vacancy
6%
$122
Maintenance
5%
$101
Other
0%
$0