This property looks like a bad Long-Term investment with a projected -21.14% first-year return on $105k initial cash invested.
-21.14%
Cash On Cash
2.6%
Cap Rate
0.38
DSCR
$2,176
Rent
-$1,849
Cashflow
Cash Flow
$2,176 income − $4,025 expenses = $1,849 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,176
Total Expenses
$4,025
Mortgage P&I
130%
$2,823
Property Taxes
21%
$460
Home Insurance
8%
$175
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0