This property looks like a bad Long-Term investment with a projected -16.21% first-year return on $105k initial cash invested.
-16.21%
Cash On Cash
3.41%
Cap Rate
0.52
DSCR
$2,176
Rent
-$1,418
Cashflow
Cash Flow
$2,176 income − $3,594 expenses = $1,418 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,176
Total Expenses
$3,594
Mortgage P&I
125%
$2,728
Property Taxes
6%
$124
Home Insurance
8%
$175
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0