This property looks like a bad Long-Term investment with a projected -18.64% first-year return on $105k initial cash invested.
-18.64%
Cash On Cash
2.48%
Cap Rate
0.4
DSCR
$1,932
Rent
-$1,631
Cashflow
Cash Flow
$1,932 income − $3,563 expenses = $1,631 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,932
Total Expenses
$3,563
Mortgage P&I
133%
$2,568
Property Taxes
9%
$183
Home Insurance
9%
$175
HOA
7%
$134
Property Management
10%
$193
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0