This property looks like a bad Long-Term investment with a projected -15.92% first-year return on $105k initial cash invested.
-15.92%
Cash On Cash
3.59%
Cap Rate
0.55
DSCR
$3,160
Rent
-$1,393
Cashflow
Cash Flow
$3,160 income − $4,553 expenses = $1,393 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,160
Total Expenses
$4,553
Mortgage P&I
86%
$2,729
Property Taxes
26%
$827
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$316
CapEx
5%
$158
Vacancy
6%
$190
Maintenance
5%
$158
Other
0%
$0