This property looks like a bad Long-Term investment with a projected -17.99% first-year return on $116k initial cash invested.
-17.99%
Cash On Cash
3.28%
Cap Rate
0.49
DSCR
$3,166
Rent
-$1,732
Cashflow
Cash Flow
$3,166 income − $4,898 expenses = $1,732 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,166
Total Expenses
$4,898
Mortgage P&I
97%
$3,077
Property Taxes
25%
$806
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$317
CapEx
5%
$158
Vacancy
6%
$190
Maintenance
5%
$158
Other
0%
$0