This property looks like a bad Long-Term investment with a projected -15.78% first-year return on $105k initial cash invested.
-15.78%
Cash On Cash
3.36%
Cap Rate
0.52
DSCR
$2,158
Rent
-$1,381
Cashflow
Cash Flow
$2,158 income − $3,539 expenses = $1,381 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,158
Total Expenses
$3,539
Mortgage P&I
124%
$2,674
Property Taxes
6%
$129
Home Insurance
8%
$175
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0