This property looks like a bad Long-Term investment with a projected -18.74% first-year return on $105k initial cash invested.
-18.74%
Cash On Cash
2.91%
Cap Rate
0.44
DSCR
$2,232
Rent
-$1,645
Cashflow
Cash Flow
$2,232 income − $3,877 expenses = $1,645 out of pocket
Investment Breakdown
|
Purchase Price
$502k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$100k
Closing costs
1%
$5,017
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,232
Total Expenses
$3,877
Mortgage P&I
123%
$2,748
Property Taxes
15%
$327
Home Insurance
9%
$196
HOA
1%
$25
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0