This property looks like a bad Long-Term investment with a projected -13.89% first-year return on $105k initial cash invested.
-13.89%
Cash On Cash
3.8%
Cap Rate
0.6
DSCR
$3,142
Rent
-$1,215
Cashflow
Cash Flow
$3,142 income − $4,357 expenses = $1,215 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$100,000
Closing costs
1%
$5,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,142
Total Expenses
$4,357
Mortgage P&I
84%
$2,641
Property Taxes
23%
$724
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$189
Maintenance
5%
$157
Other
0%
$0