This property looks like a bad Long-Term investment with a projected -15.18% first-year return on $105k initial cash invested.
-15.18%
Cash On Cash
3.69%
Cap Rate
0.56
DSCR
$2,698
Rent
-$1,328
Cashflow
Cash Flow
$2,698 income − $4,026 expenses = $1,328 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,698
Total Expenses
$4,026
Mortgage P&I
101%
$2,729
Property Taxes
16%
$420
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0