This property looks like a bad Long-Term investment with a projected -18.96% first-year return on $105k initial cash invested.
-18.96%
Cash On Cash
2.84%
Cap Rate
0.43
DSCR
$2,405
Rent
-$1,659
Cashflow
Cash Flow
$2,405 income − $4,064 expenses = $1,659 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,405
Total Expenses
$4,064
Mortgage P&I
113%
$2,723
Property Taxes
23%
$542
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0