This property looks like a bad Long-Term investment with a projected -19.36% first-year return on $105k initial cash invested.
-19.36%
Cash On Cash
2.8%
Cap Rate
0.42
DSCR
$2,050
Rent
-$1,701
Cashflow
Cash Flow
$2,050 income − $3,751 expenses = $1,701 out of pocket
Investment Breakdown
|
Purchase Price
$502k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$100k
Closing costs
1%
$5,020
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,050
Total Expenses
$3,751
Mortgage P&I
135%
$2,769
Property Taxes
13%
$274
Home Insurance
9%
$176
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0