This property looks like a bad Long-Term investment with a projected -22.46% first-year return on $105k initial cash invested.
-22.46%
Cash On Cash
1.63%
Cap Rate
0.26
DSCR
$1,247
Rent
-$1,965
Cashflow
Cash Flow
$1,247 income − $3,212 expenses = $1,965 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,247
Total Expenses
$3,212
Mortgage P&I
207%
$2,581
Property Taxes
11%
$132
Home Insurance
14%
$175
HOA
0%
$0
Property Management
10%
$125
CapEx
5%
$62
Vacancy
6%
$75
Maintenance
5%
$62
Other
0%
$0