This property looks like a bad Long-Term investment with a projected -17.43% first-year return on $115k initial cash invested.
-17.43%
Cash On Cash
3.09%
Cap Rate
0.48
DSCR
$2,839
Rent
-$1,677
Cashflow
Cash Flow
$2,839 income − $4,516 expenses = $1,677 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,839
Total Expenses
$4,516
Mortgage P&I
104%
$2,950
Property Taxes
22%
$636
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0