This property looks like a bad Long-Term investment with a projected -14.45% first-year return on $116k initial cash invested.
-14.45%
Cash On Cash
3.33%
Cap Rate
0.55
DSCR
$2,949
Rent
-$1,392
Cashflow
Cash Flow
$2,949 income − $4,341 expenses = $1,392 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%
$5,503
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,949
Total Expenses
$4,341
Mortgage P&I
94%
$2,770
Property Taxes
18%
$536
Home Insurance
7%
$192
HOA
3%
$77
Property Management
10%
$295
CapEx
5%
$147
Vacancy
6%
$177
Maintenance
5%
$147
Other
0%
$0