This property looks like a bad Long-Term investment with a projected -23.26% first-year return on $105k initial cash invested.
-23.26%
Cash On Cash
1.49%
Cap Rate
0.24
DSCR
$1,132
Rent
-$2,035
Cashflow
Cash Flow
$1,132 income − $3,167 expenses = $2,035 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,132
Total Expenses
$3,167
Mortgage P&I
229%
$2,597
Property Taxes
9%
$100
Home Insurance
15%
$175
HOA
0%
$0
Property Management
10%
$113
CapEx
5%
$57
Vacancy
6%
$68
Maintenance
5%
$57
Other
0%
$0