This property looks like a bad Long-Term investment with a projected -24.14% first-year return on $105k initial cash invested.
-24.14%
Cash On Cash
1.81%
Cap Rate
0.27
DSCR
$1,979
Rent
-$2,112
Cashflow
Cash Flow
$1,979 income − $4,091 expenses = $2,112 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,979
Total Expenses
$4,091
Mortgage P&I
140%
$2,767
Property Taxes
32%
$634
Home Insurance
9%
$175
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0