This property looks like a bad Long-Term investment with a projected -10.64% first-year return on $115k initial cash invested.
-10.64%
Cash On Cash
4.78%
Cap Rate
0.72
DSCR
$3,631
Rent
-$1,024
Cashflow
Cash Flow
$3,631 income − $4,655 expenses = $1,024 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$110k
Closing costs
1%
$5,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,631
Total Expenses
$4,655
Mortgage P&I
84%
$3,032
Property Taxes
13%
$486
Home Insurance
5%
$192
HOA
0%
$0
Property Management
10%
$363
CapEx
5%
$182
Vacancy
6%
$218
Maintenance
5%
$182
Other
0%
$0