This property looks like a bad Long-Term investment with a projected -12.01% first-year return on $115k initial cash invested.
-12.01%
Cash On Cash
4.4%
Cap Rate
0.67
DSCR
$2,979
Rent
-$1,156
Cashflow
Cash Flow
$2,979 income − $4,135 expenses = $1,156 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,979
Total Expenses
$4,135
Mortgage P&I
102%
$3,025
Property Taxes
5%
$143
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0