This property looks like a bad Long-Term investment with a projected -23.57% first-year return on $105k initial cash invested.
-23.57%
Cash On Cash
1.79%
Cap Rate
0.27
DSCR
$1,222
Rent
-$2,062
Cashflow
Cash Flow
$1,222 income − $3,284 expenses = $2,062 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%
$100,000
Closing costs
1%
$5,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,222
Total Expenses
$3,284
Mortgage P&I
225%
$2,747
Property Taxes
4%
$45
Home Insurance
14%
$175
HOA
0%
$0
Property Management
10%
$122
CapEx
5%
$61
Vacancy
6%
$73
Maintenance
5%
$61
Other
0%
$0