This property looks like a bad Long-Term investment with a projected -14.45% first-year return on $105k initial cash invested.
-14.45%
Cash On Cash
3.88%
Cap Rate
0.59
DSCR
$2,816
Rent
-$1,264
Cashflow
Cash Flow
$2,816 income − $4,080 expenses = $1,264 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%
$99,940
Closing costs
1%
$4,997
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,816
Total Expenses
$4,080
Mortgage P&I
97%
$2,739
Property Taxes
15%
$433
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0