This property looks like a bad Long-Term investment with a projected -12.93% first-year return on $105k initial cash invested.
-12.93%
Cash On Cash
3.72%
Cap Rate
0.61
DSCR
$2,832
Rent
-$1,131
Cashflow
Cash Flow
$2,832 income − $3,963 expenses = $1,131 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,832
Total Expenses
$3,963
Mortgage P&I
90%
$2,538
Property Taxes
18%
$500
Home Insurance
6%
$175
HOA
0%
$13
Property Management
10%
$283
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0