This property looks like a bad Long-Term investment with a projected -17.64% first-year return on $116k initial cash invested.
-17.64%
Cash On Cash
3.31%
Cap Rate
0.5
DSCR
$3,013
Rent
-$1,698
Cashflow
Cash Flow
$3,013 income − $4,711 expenses = $1,698 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,013
Total Expenses
$4,711
Mortgage P&I
102%
$3,066
Property Taxes
22%
$669
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$301
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0