This property looks like a bad Long-Term investment with a projected -26.89% first-year return on $115k initial cash invested.
-26.89%
Cash On Cash
1.2%
Cap Rate
0.18
DSCR
$1,512
Rent
-$2,588
Cashflow
Cash Flow
$1,512 income − $4,100 expenses = $2,588 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,512
Total Expenses
$4,100
Mortgage P&I
203%
$3,062
Property Taxes
30%
$452
Home Insurance
13%
$192
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0