This property looks like a bad Long-Term investment with a projected -22.15% first-year return on $116k initial cash invested.
-22.15%
Cash On Cash
2.25%
Cap Rate
0.34
DSCR
$2,225
Rent
-$2,132
Cashflow
Cash Flow
$2,225 income − $4,357 expenses = $2,132 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,225
Total Expenses
$4,357
Mortgage P&I
137%
$3,053
Property Taxes
24%
$534
Home Insurance
9%
$192
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$134
Maintenance
5%
$111
Other
0%
$0