This property looks like a bad Long-Term investment with a projected -11.58% first-year return on $105k initial cash invested.
-11.58%
Cash On Cash
4.14%
Cap Rate
0.66
DSCR
$2,856
Rent
-$1,013
Cashflow
Cash Flow
$2,856 income − $3,869 expenses = $1,013 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,856
Total Expenses
$3,869
Mortgage P&I
91%
$2,596
Property Taxes
12%
$355
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$171
Maintenance
5%
$143
Other
0%
$0