This property looks like a bad Long-Term investment with a projected -16.15% first-year return on $105k initial cash invested.
-16.15%
Cash On Cash
3.44%
Cap Rate
0.52
DSCR
$2,173
Rent
-$1,413
Cashflow
Cash Flow
$2,173 income − $3,586 expenses = $1,413 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,173
Total Expenses
$3,586
Mortgage P&I
126%
$2,738
Property Taxes
5%
$108
Home Insurance
8%
$175
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$109
Vacancy
6%
$130
Maintenance
5%
$109
Other
0%
$0