This property looks like a bad Long-Term investment with a projected -14.16% first-year return on $116k initial cash invested.
-14.16%
Cash On Cash
3.8%
Cap Rate
0.59
DSCR
$3,203
Rent
-$1,363
Cashflow
Cash Flow
$3,203 income − $4,566 expenses = $1,363 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,203
Total Expenses
$4,566
Mortgage P&I
92%
$2,944
Property Taxes
19%
$598
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$320
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0