This property looks like a bad Long-Term investment with a projected -10.94% first-year return on $105k initial cash invested.
-10.94%
Cash On Cash
4.67%
Cap Rate
0.71
DSCR
$3,275
Rent
-$957
Cashflow
Cash Flow
$3,275 income − $4,232 expenses = $957 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
$3,275
Total Expenses
$4,232
Mortgage P&I
84%
$2,740
Property Taxes
14%
$465
Home Insurance
5%
$175
HOA
0%
$0
Property Management
10%
$328
CapEx
5%
$164
Vacancy
6%
$196
Maintenance
5%
$164
Other
0%
$0