This property looks like a bad Long-Term investment with a projected -18.22% first-year return on $105k initial cash invested.
-18.22%
Cash On Cash
2.76%
Cap Rate
0.44
DSCR
$2,639
Rent
-$1,594
Cashflow
Cash Flow
$2,639 income − $4,233 expenses = $1,594 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%
$100,000
Closing costs
1%
$5,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,639
Total Expenses
$4,233
Mortgage P&I
99%
$2,611
Property Taxes
29%
$761
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0