This property looks like a bad Long-Term investment with a projected -20.25% first-year return on $116k initial cash invested.
-20.25%
Cash On Cash
2.52%
Cap Rate
0.39
DSCR
$2,339
Rent
-$1,949
Cashflow
Cash Flow
$2,339 income − $4,288 expenses = $1,949 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%
$5,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,339
Total Expenses
$4,288
Mortgage P&I
128%
$2,989
Property Taxes
21%
$499
Home Insurance
8%
$192
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0