This property looks like a bad Long-Term investment with a projected -18.56% first-year return on $115k initial cash invested.
-18.56%
Cash On Cash
2.93%
Cap Rate
0.44
DSCR
$2,058
Rent
-$1,786
Cashflow
Cash Flow
$2,058 income − $3,844 expenses = $1,786 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,058
Total Expenses
$3,844
Mortgage P&I
147%
$3,025
Property Taxes
4%
$92
Home Insurance
9%
$192
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0