This property looks like a bad Long-Term investment with a projected -6.56% first-year return on $105k initial cash invested.
-6.56%
Cash On Cash
5.31%
Cap Rate
0.85
DSCR
$3,731
Rent
-$574
Cashflow
Cash Flow
$3,731 income − $4,305 expenses = $574 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,731
Total Expenses
$4,305
Mortgage P&I
70%
$2,600
Property Taxes
15%
$556
Home Insurance
5%
$178
HOA
0%
$0
Property Management
10%
$373
CapEx
5%
$187
Vacancy
6%
$224
Maintenance
5%
$187
Other
0%
$0