This property looks like a bad Long-Term investment with a projected -15.29% first-year return on $105k initial cash invested.
-15.29%
Cash On Cash
3.68%
Cap Rate
0.56
DSCR
$2,586
Rent
-$1,338
Cashflow
Cash Flow
$2,586 income − $3,924 expenses = $1,338 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%
$99,980
Closing costs
1%
$4,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,586
Total Expenses
$3,924
Mortgage P&I
106%
$2,741
Property Taxes
13%
$336
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0