This property looks like a bad Long-Term investment with a projected -16.45% first-year return on $105k initial cash invested.
-16.45%
Cash On Cash
3.64%
Cap Rate
0.54
DSCR
$2,786
Rent
-$1,439
Cashflow
Cash Flow
$2,786 income − $4,225 expenses = $1,439 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,786
Total Expenses
$4,225
Mortgage P&I
101%
$2,816
Property Taxes
18%
$510
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$279
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0