This property looks like a bad Long-Term investment with a projected -21.26% first-year return on $105k initial cash invested.
-21.26%
Cash On Cash
1.95%
Cap Rate
0.31
DSCR
$1,792
Rent
-$1,860
Cashflow
Cash Flow
$1,792 income − $3,652 expenses = $1,860 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,792
Total Expenses
$3,652
Mortgage P&I
144%
$2,582
Property Taxes
24%
$428
Home Insurance
10%
$175
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0