This property looks like a bad Long-Term investment with a projected -14.19% first-year return on $105k initial cash invested.
-14.19%
Cash On Cash
3.83%
Cap Rate
0.59
DSCR
$3,080
Rent
-$1,242
Cashflow
Cash Flow
$3,080 income − $4,322 expenses = $1,242 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$100k
Closing costs
1%
$5,001
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,080
Total Expenses
$4,322
Mortgage P&I
87%
$2,683
Property Taxes
17%
$535
Home Insurance
6%
$175
HOA
4%
$128
Property Management
10%
$308
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0