This property looks like a bad Long-Term investment with a projected -18.26% first-year return on $105k initial cash invested.
-18.26%
Cash On Cash
2.49%
Cap Rate
0.41
DSCR
$1,714
Rent
-$1,597
Cashflow
Cash Flow
$1,714 income − $3,311 expenses = $1,597 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,714
Total Expenses
$3,311
Mortgage P&I
149%
$2,548
Property Taxes
8%
$142
Home Insurance
10%
$175
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0