This property looks like a bad Long-Term investment with a projected -13.3% first-year return on $105k initial cash invested.
-13.3%
Cash On Cash
4.03%
Cap Rate
0.62
DSCR
$2,416
Rent
-$1,164
Cashflow
Cash Flow
$2,416 income − $3,580 expenses = $1,164 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,416
Total Expenses
$3,580
Mortgage P&I
113%
$2,721
Property Taxes
2%
$55
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0