This property looks like a bad Long-Term investment with a projected -14.82% first-year return on $115k initial cash invested.
-14.82%
Cash On Cash
3.3%
Cap Rate
0.54
DSCR
$2,952
Rent
-$1,425
Cashflow
Cash Flow
$2,952 income − $4,377 expenses = $1,425 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$110k
Closing costs
1%
$5,495
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,952
Total Expenses
$4,377
Mortgage P&I
94%
$2,789
Property Taxes
21%
$624
Home Insurance
7%
$196
HOA
0%
$0
Property Management
10%
$295
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0