This property looks like a bad Long-Term investment with a projected -15.17% first-year return on $115k initial cash invested.
-15.17%
Cash On Cash
3.98%
Cap Rate
0.58
DSCR
$3,202
Rent
-$1,460
Cashflow
Cash Flow
$3,202 income − $4,662 expenses = $1,460 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$110k
Closing costs
1%
$5,498
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,202
Total Expenses
$4,662
Mortgage P&I
98%
$3,124
Property Taxes
17%
$529
Home Insurance
6%
$177
HOA
0%
$0
Property Management
10%
$320
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0