This property looks like a bad Long-Term investment with a projected -21.68% first-year return on $105k initial cash invested.
-21.68%
Cash On Cash
1.61%
Cap Rate
0.27
DSCR
$1,294
Rent
-$1,897
Cashflow
Cash Flow
$1,294 income − $3,191 expenses = $1,897 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.4%
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
$1,294
Total Expenses
$3,191
Mortgage P&I
194%
$2,504
Property Taxes
14%
$175
Home Insurance
14%
$175
HOA
0%
$0
Property Management
10%
$129
CapEx
5%
$65
Vacancy
6%
$78
Maintenance
5%
$65
Other
0%
$0