This property looks like a bad Long-Term investment with a projected -16.98% first-year return on $105k initial cash invested.
-16.98%
Cash On Cash
3.18%
Cap Rate
0.49
DSCR
$2,489
Rent
-$1,486
Cashflow
Cash Flow
$2,489 income − $3,975 expenses = $1,486 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%
$100,000
Closing costs
1%
$5,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,489
Total Expenses
$3,975
Mortgage P&I
108%
$2,687
Property Taxes
19%
$467
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0