This property looks like a bad Long-Term investment with a projected -20.16% first-year return on $105k initial cash invested.
-20.16%
Cash On Cash
2.05%
Cap Rate
0.34
DSCR
$1,375
Rent
-$1,764
Cashflow
Cash Flow
$1,375 income − $3,139 expenses = $1,764 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
$1,375
Total Expenses
$3,139
Mortgage P&I
185%
$2,549
Property Taxes
4%
$57
Home Insurance
13%
$175
HOA
0%
$0
Property Management
10%
$138
CapEx
5%
$69
Vacancy
6%
$82
Maintenance
5%
$69
Other
0%
$0