This property looks like a bad Long-Term investment with a projected -22.34% first-year return on $105k initial cash invested.
-22.34%
Cash On Cash
2%
Cap Rate
0.31
DSCR
$2,262
Rent
-$1,955
Cashflow
Cash Flow
$2,262 income − $4,217 expenses = $1,955 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,262
Total Expenses
$4,217
Mortgage P&I
118%
$2,676
Property Taxes
34%
$778
Home Insurance
8%
$175
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0