This property looks like a bad Long-Term investment with a projected -15.83% first-year return on $105k initial cash invested.
-15.83%
Cash On Cash
3.04%
Cap Rate
0.5
DSCR
$2,363
Rent
-$1,385
Cashflow
Cash Flow
$2,363 income − $3,748 expenses = $1,385 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,363
Total Expenses
$3,748
Mortgage P&I
107%
$2,533
Property Taxes
18%
$426
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0