This property looks like a bad Long-Term investment with a projected -8.19% first-year return on $116k initial cash invested.
-8.19%
Cash On Cash
4.85%
Cap Rate
0.79
DSCR
$3,595
Rent
-$788
Cashflow
Cash Flow
$3,595 income − $4,383 expenses = $788 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,595
Total Expenses
$4,383
Mortgage P&I
79%
$2,832
Property Taxes
12%
$419
Home Insurance
5%
$196
HOA
0%
$0
Property Management
10%
$360
CapEx
5%
$180
Vacancy
6%
$216
Maintenance
5%
$180
Other
0%
$0