This property looks like a bad Long-Term investment with a projected -13.39% first-year return on $105k initial cash invested.
-13.39%
Cash On Cash
3.99%
Cap Rate
0.61
DSCR
$2,369
Rent
-$1,171
Cashflow
Cash Flow
$2,369 income − $3,540 expenses = $1,171 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%
$99,980
Closing costs
1%
$4,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,369
Total Expenses
$3,540
Mortgage P&I
115%
$2,714
Property Taxes
2%
$36
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0