This property looks like a bad Long-Term investment with a projected -12.89% first-year return on $105k initial cash invested.
-12.89%
Cash On Cash
3.97%
Cap Rate
0.62
DSCR
$2,568
Rent
-$1,128
Cashflow
Cash Flow
$2,568 income − $3,696 expenses = $1,128 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,568
Total Expenses
$3,696
Mortgage P&I
103%
$2,654
Property Taxes
8%
$200
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0