This property looks like a bad Long-Term investment with a projected -12.53% first-year return on $115k initial cash invested.
-12.53%
Cash On Cash
3.85%
Cap Rate
0.62
DSCR
$2,770
Rent
-$1,206
Cashflow
Cash Flow
$2,770 income − $3,976 expenses = $1,206 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,770
Total Expenses
$3,976
Mortgage P&I
102%
$2,831
Property Taxes
8%
$234
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$277
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0