This property looks like a bad Long-Term investment with a projected -20.19% first-year return on $116k initial cash invested.
-20.19%
Cash On Cash
2.35%
Cap Rate
0.37
DSCR
$2,251
Rent
-$1,943
Cashflow
Cash Flow
$2,251 income − $4,194 expenses = $1,943 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$110k
Closing costs
1%
$5,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,251
Total Expenses
$4,194
Mortgage P&I
129%
$2,905
Property Taxes
23%
$511
Home Insurance
9%
$192
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0