This property looks like a bad Long-Term investment with a projected -17.47% first-year return on $105k initial cash invested.
-17.47%
Cash On Cash
3.26%
Cap Rate
0.49
DSCR
$2,319
Rent
-$1,529
Cashflow
Cash Flow
$2,319 income − $3,848 expenses = $1,529 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,319
Total Expenses
$3,848
Mortgage P&I
119%
$2,771
Property Taxes
12%
$281
Home Insurance
8%
$175
HOA
1%
$18
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0