This property looks like a bad Long-Term investment with a projected -24.89% first-year return on $115k initial cash invested.
-24.89%
Cash On Cash
1.69%
Cap Rate
0.25
DSCR
$1,879
Rent
-$2,395
Cashflow
Cash Flow
$1,879 income − $4,274 expenses = $2,395 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$110k
Closing costs
1%
$5,499
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,879
Total Expenses
$4,274
Mortgage P&I
164%
$3,074
Property Taxes
14%
$256
Home Insurance
24%
$455
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0