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
3.44%
Cap Rate
0.53
DSCR
$2,647
Rent
-$1,400
Cashflow
Cash Flow
$2,647 income − $4,047 expenses = $1,400 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$99,990
Closing costs
1%
$5,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,647
Total Expenses
$4,047
Mortgage P&I
102%
$2,701
Property Taxes
18%
$483
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0