This property looks like a bad Long-Term investment with a projected -17.3% first-year return on $105k initial cash invested.
-17.3%
Cash On Cash
3.11%
Cap Rate
0.48
DSCR
$2,416
Rent
-$1,514
Cashflow
Cash Flow
$2,416 income − $3,930 expenses = $1,514 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%
$5,002
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,416
Total Expenses
$3,930
Mortgage P&I
111%
$2,688
Property Taxes
19%
$452
Home Insurance
7%
$161
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0