This property looks like a bad Long-Term investment with a projected -15.37% first-year return on $116k initial cash invested.
-15.37%
Cash On Cash
3.57%
Cap Rate
0.55
DSCR
$2,588
Rent
-$1,479
Cashflow
Cash Flow
$2,588 income − $4,067 expenses = $1,479 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,588
Total Expenses
$4,067
Mortgage P&I
115%
$2,988
Property Taxes
8%
$208
Home Insurance
8%
$199
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0