This property looks like a bad Long-Term investment with a projected -15.49% first-year return on $115k initial cash invested.
-15.49%
Cash On Cash
3.59%
Cap Rate
0.55
DSCR
$3,211
Rent
-$1,491
Cashflow
Cash Flow
$3,211 income − $4,702 expenses = $1,491 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,211
Total Expenses
$4,702
Mortgage P&I
93%
$2,975
Property Taxes
22%
$699
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$321
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0