This property looks like a bad Long-Term investment with a projected -22.29% first-year return on $105k initial cash invested.
-22.29%
Cash On Cash
2.22%
Cap Rate
0.33
DSCR
$1,850
Rent
-$1,950
Cashflow
Cash Flow
$1,850 income − $3,800 expenses = $1,950 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
$1,850
Total Expenses
$3,800
Mortgage P&I
150%
$2,783
Property Taxes
20%
$362
Home Insurance
9%
$175
HOA
0%
$0
Property Management
10%
$185
CapEx
5%
$92
Vacancy
6%
$111
Maintenance
5%
$92
Other
0%
$0