This property looks like a bad Long-Term investment with a projected -17.09% first-year return on $116k initial cash invested.
-17.09%
Cash On Cash
2.68%
Cap Rate
0.44
DSCR
$1,894
Rent
-$1,645
Cashflow
Cash Flow
$1,894 income − $3,539 expenses = $1,645 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,894
Total Expenses
$3,539
Mortgage P&I
147%
$2,779
Property Taxes
4%
$75
Home Insurance
10%
$192
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0