This property looks like a bad Long-Term investment with a projected -14.77% first-year return on $115k initial cash invested.
-14.77%
Cash On Cash
3.29%
Cap Rate
0.54
DSCR
$2,379
Rent
-$1,421
Cashflow
Cash Flow
$2,379 income − $3,800 expenses = $1,421 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$110k
Closing costs
1%
$5,496
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,379
Total Expenses
$3,800
Mortgage P&I
118%
$2,807
Property Taxes
6%
$140
Home Insurance
8%
$201
HOA
1%
$33
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0