This property looks like a bad Long-Term investment with a projected -9.12% first-year return on $116k initial cash invested.
-9.12%
Cash On Cash
4.97%
Cap Rate
0.76
DSCR
$3,198
Rent
-$878
Cashflow
Cash Flow
$3,198 income − $4,076 expenses = $878 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$110k
Closing costs
1%
$5,504
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,198
Total Expenses
$4,076
Mortgage P&I
94%
$2,999
Property Taxes
2%
$52
Home Insurance
6%
$193
HOA
0%
$0
Property Management
10%
$320
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0