This property looks like a bad Long-Term investment with a projected -13.43% first-year return on $105k initial cash invested.
-13.43%
Cash On Cash
4.27%
Cap Rate
0.64
DSCR
$3,325
Rent
-$1,175
Cashflow
Cash Flow
$3,325 income − $4,500 expenses = $1,175 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,325
Total Expenses
$4,500
Mortgage P&I
84%
$2,786
Property Taxes
20%
$675
Home Insurance
5%
$175
HOA
0%
$0
Property Management
10%
$332
CapEx
5%
$166
Vacancy
6%
$200
Maintenance
5%
$166
Other
0%
$0