This property looks like a bad Long-Term investment with a projected -12.46% first-year return on $115k initial cash invested.
-12.46%
Cash On Cash
4.5%
Cap Rate
0.67
DSCR
$3,386
Rent
-$1,199
Cashflow
Cash Flow
$3,386 income − $4,585 expenses = $1,199 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.6%
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
$3,386
Total Expenses
$4,585
Mortgage P&I
91%
$3,093
Property Taxes
12%
$420
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$339
CapEx
5%
$169
Vacancy
6%
$203
Maintenance
5%
$169
Other
0%
$0