This property looks like a bad Long-Term investment with a projected -13.34% first-year return on $115k initial cash invested.
-13.34%
Cash On Cash
3.67%
Cap Rate
0.59
DSCR
$2,668
Rent
-$1,284
Cashflow
Cash Flow
$2,668 income − $3,952 expenses = $1,284 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,668
Total Expenses
$3,952
Mortgage P&I
106%
$2,831
Property Taxes
9%
$236
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0