This property looks like a bad Long-Term investment with a projected -18.07% first-year return on $115k initial cash invested.
-18.07%
Cash On Cash
2.71%
Cap Rate
0.43
DSCR
$2,057
Rent
-$1,739
Cashflow
Cash Flow
$2,057 income − $3,796 expenses = $1,739 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,057
Total Expenses
$3,796
Mortgage P&I
140%
$2,879
Property Taxes
9%
$189
Home Insurance
9%
$192
HOA
0%
$1
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0