This property looks like a bad Long-Term investment with a projected -23.86% first-year return on $105k initial cash invested.
-23.86%
Cash On Cash
1.29%
Cap Rate
0.21
DSCR
$1,220
Rent
-$2,087
Cashflow
Cash Flow
$1,220 income − $3,307 expenses = $2,087 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,220
Total Expenses
$3,307
Mortgage P&I
210%
$2,564
Property Taxes
21%
$251
Home Insurance
14%
$175
HOA
0%
$0
Property Management
10%
$122
CapEx
5%
$61
Vacancy
6%
$73
Maintenance
5%
$61
Other
0%
$0