This property looks like a bad Long-Term investment with a projected -18.48% first-year return on $105k initial cash invested.
-18.48%
Cash On Cash
3.17%
Cap Rate
0.47
DSCR
$2,997
Rent
-$1,623
Cashflow
Cash Flow
$2,997 income − $4,620 expenses = $1,623 out of pocket
Investment Breakdown
|
Purchase Price
$502k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$100k
Closing costs
1%
$5,019
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,997
Total Expenses
$4,620
Mortgage P&I
93%
$2,798
Property Taxes
29%
$864
Home Insurance
6%
$178
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0