This property looks like a bad Long-Term investment with a projected -9.17% first-year return on $105k initial cash invested.
-9.17%
Cash On Cash
4.64%
Cap Rate
0.75
DSCR
$3,033
Rent
-$802
Cashflow
Cash Flow
$3,033 income − $3,835 expenses = $802 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,033
Total Expenses
$3,835
Mortgage P&I
85%
$2,582
Property Taxes
10%
$289
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$303
CapEx
5%
$152
Vacancy
6%
$182
Maintenance
5%
$152
Other
0%
$0