This property looks like a bad Long-Term investment with a projected -12.42% first-year return on $105k initial cash invested.
-12.42%
Cash On Cash
4.23%
Cap Rate
0.65
DSCR
$2,938
Rent
-$1,087
Cashflow
Cash Flow
$2,938 income − $4,025 expenses = $1,087 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,938
Total Expenses
$4,025
Mortgage P&I
92%
$2,702
Property Taxes
13%
$384
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0