This property looks like a bad Long-Term investment with a projected -18.94% first-year return on $105k initial cash invested.
-18.94%
Cash On Cash
2.62%
Cap Rate
0.41
DSCR
$1,813
Rent
-$1,657
Cashflow
Cash Flow
$1,813 income − $3,470 expenses = $1,657 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,813
Total Expenses
$3,470
Mortgage P&I
147%
$2,656
Property Taxes
9%
$156
Home Insurance
10%
$186
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0