This property looks like a bad Long-Term investment with a projected -16.15% first-year return on $116k initial cash invested.
-16.15%
Cash On Cash
3.6%
Cap Rate
0.54
DSCR
$3,115
Rent
-$1,554
Cashflow
Cash Flow
$3,115 income − $4,669 expenses = $1,554 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,115
Total Expenses
$4,669
Mortgage P&I
98%
$3,048
Property Taxes
20%
$618
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0