This property looks like a bad Long-Term investment with a projected -22.46% first-year return on $116k initial cash invested.
-22.46%
Cash On Cash
2.09%
Cap Rate
0.32
DSCR
$2,261
Rent
-$2,162
Cashflow
Cash Flow
$2,261 income − $4,423 expenses = $2,162 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
$2,261
Total Expenses
$4,423
Mortgage P&I
133%
$3,006
Property Taxes
14%
$327
Home Insurance
8%
$192
HOA
14%
$310
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0