This property looks like a bad Long-Term investment with a projected -16.8% first-year return on $105k initial cash invested.
-16.8%
Cash On Cash
3.18%
Cap Rate
0.49
DSCR
$2,250
Rent
-$1,470
Cashflow
Cash Flow
$2,250 income − $3,720 expenses = $1,470 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%
$100,000
Closing costs
1%
$5,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,250
Total Expenses
$3,720
Mortgage P&I
119%
$2,681
Property Taxes
8%
$190
Home Insurance
8%
$175
HOA
4%
$90
Property Management
10%
$225
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0