This property looks like a bad Long-Term investment with a projected -22.66% first-year return on $116k initial cash invested.
-22.66%
Cash On Cash
2.05%
Cap Rate
0.31
DSCR
$1,995
Rent
-$2,181
Cashflow
Cash Flow
$1,995 income − $4,176 expenses = $2,181 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,995
Total Expenses
$4,176
Mortgage P&I
151%
$3,021
Property Taxes
22%
$443
Home Insurance
10%
$192
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0