This property looks like a bad Long-Term investment with a projected -12.86% first-year return on $105k initial cash invested.
-12.86%
Cash On Cash
3.77%
Cap Rate
0.61
DSCR
$2,778
Rent
-$1,125
Cashflow
Cash Flow
$2,778 income − $3,903 expenses = $1,125 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
$2,778
Total Expenses
$3,903
Mortgage P&I
92%
$2,555
Property Taxes
16%
$450
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0