This property looks like a bad Long-Term investment with a projected -16.66% first-year return on $116k initial cash invested.
-16.66%
Cash On Cash
3.31%
Cap Rate
0.51
DSCR
$2,845
Rent
-$1,604
Cashflow
Cash Flow
$2,845 income − $4,449 expenses = $1,604 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
$2,845
Total Expenses
$4,449
Mortgage P&I
105%
$2,977
Property Taxes
19%
$541
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$171
Maintenance
5%
$142
Other
0%
$0