This property looks like a bad Long-Term investment with a projected -10.94% first-year return on $115k initial cash invested.
-10.94%
Cash On Cash
4.2%
Cap Rate
0.69
DSCR
$3,437
Rent
-$1,053
Cashflow
Cash Flow
$3,437 income − $4,490 expenses = $1,053 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,437
Total Expenses
$4,490
Mortgage P&I
82%
$2,805
Property Taxes
17%
$599
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$344
CapEx
5%
$172
Vacancy
6%
$206
Maintenance
5%
$172
Other
0%
$0