This property looks like a bad Long-Term investment with a projected -16.07% first-year return on $105k initial cash invested.
-16.07%
Cash On Cash
3.41%
Cap Rate
0.53
DSCR
$2,641
Rent
-$1,406
Cashflow
Cash Flow
$2,641 income − $4,047 expenses = $1,406 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,641
Total Expenses
$4,047
Mortgage P&I
102%
$2,694
Property Taxes
18%
$484
Home Insurance
7%
$175
HOA
0%
$8
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0