This property looks like a bad Long-Term investment with a projected -13.73% first-year return on $115k initial cash invested.
-13.73%
Cash On Cash
4%
Cap Rate
0.61
DSCR
$3,414
Rent
-$1,321
Cashflow
Cash Flow
$3,414 income − $4,735 expenses = $1,321 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,414
Total Expenses
$4,735
Mortgage P&I
87%
$2,982
Property Taxes
20%
$673
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$341
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0