This property looks like a bad Long-Term investment with a projected -12.33% first-year return on $105k initial cash invested.
-12.33%
Cash On Cash
4.4%
Cap Rate
0.66
DSCR
$3,024
Rent
-$1,079
Cashflow
Cash Flow
$3,024 income − $4,103 expenses = $1,079 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
$3,024
Total Expenses
$4,103
Mortgage P&I
91%
$2,759
Property Taxes
13%
$384
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0