This property looks like a bad Long-Term investment with a projected -19.22% first-year return on $105k initial cash invested.
-19.22%
Cash On Cash
2.77%
Cap Rate
0.42
DSCR
$1,820
Rent
-$1,684
Cashflow
Cash Flow
$1,820 income − $3,504 expenses = $1,684 out of pocket
Investment Breakdown
|
Purchase Price
$501k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$100k
Closing costs
1%
$5,006
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,820
Total Expenses
$3,504
Mortgage P&I
151%
$2,749
Property Taxes
5%
$95
Home Insurance
10%
$187
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0