This property looks like a bad Long-Term investment with a projected -13.52% first-year return on $105k initial cash invested.
-13.52%
Cash On Cash
4.11%
Cap Rate
0.62
DSCR
$3,012
Rent
-$1,183
Cashflow
Cash Flow
$3,012 income − $4,195 expenses = $1,183 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,012
Total Expenses
$4,195
Mortgage P&I
91%
$2,744
Property Taxes
16%
$492
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$301
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0