This property looks like a bad Long-Term investment with a projected -19.7% first-year return on $116k initial cash invested.
-19.7%
Cash On Cash
2.68%
Cap Rate
0.41
DSCR
$2,936
Rent
-$1,896
Cashflow
Cash Flow
$2,936 income − $4,832 expenses = $1,896 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,936
Total Expenses
$4,832
Mortgage P&I
101%
$2,979
Property Taxes
29%
$843
Home Insurance
7%
$192
HOA
2%
$54
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0