This property looks like a bad Long-Term investment with a projected -21.78% first-year return on $105k initial cash invested.
-21.78%
Cash On Cash
2.25%
Cap Rate
0.34
DSCR
$1,949
Rent
-$1,905
Cashflow
Cash Flow
$1,949 income − $3,854 expenses = $1,905 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%
$99,980
Closing costs
1%
$4,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,949
Total Expenses
$3,854
Mortgage P&I
141%
$2,745
Property Taxes
22%
$428
Home Insurance
9%
$175
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0