This property looks like a bad Long-Term investment with a projected -16% first-year return on $105k initial cash invested.
-16%
Cash On Cash
3.06%
Cap Rate
0.5
DSCR
$2,278
Rent
-$1,400
Cashflow
Cash Flow
$2,278 income − $3,678 expenses = $1,400 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%
$100,000
Closing costs
1%
$5,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,278
Total Expenses
$3,678
Mortgage P&I
112%
$2,560
Property Taxes
15%
$350
Home Insurance
8%
$175
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0