This property looks like a bad Long-Term investment with a projected -19.41% first-year return on $116k initial cash invested.
-19.41%
Cash On Cash
2.58%
Cap Rate
0.4
DSCR
$2,260
Rent
-$1,868
Cashflow
Cash Flow
$2,260 income − $4,128 expenses = $1,868 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,260
Total Expenses
$4,128
Mortgage P&I
130%
$2,939
Property Taxes
18%
$409
Home Insurance
9%
$192
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0