This property looks like a bad Long-Term investment with a projected -13.47% first-year return on $105k initial cash invested.
-13.47%
Cash On Cash
3.59%
Cap Rate
0.59
DSCR
$2,418
Rent
-$1,178
Cashflow
Cash Flow
$2,418 income − $3,596 expenses = $1,178 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$99,920
Closing costs
1%
$4,996
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,418
Total Expenses
$3,596
Mortgage P&I
106%
$2,553
Property Taxes
10%
$234
Home Insurance
7%
$180
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0