This property looks like a bad Long-Term investment with a projected -12.39% first-year return on $116k initial cash invested.
-12.39%
Cash On Cash
4.34%
Cap Rate
0.66
DSCR
$3,615
Rent
-$1,193
Cashflow
Cash Flow
$3,615 income − $4,808 expenses = $1,193 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,615
Total Expenses
$4,808
Mortgage P&I
83%
$3,002
Property Taxes
19%
$673
Home Insurance
5%
$192
HOA
0%
$0
Property Management
10%
$362
CapEx
5%
$181
Vacancy
6%
$217
Maintenance
5%
$181
Other
0%
$0