This property looks like a bad Long-Term investment with a projected -26.98% first-year return on $116k initial cash invested.
-26.98%
Cash On Cash
0.66%
Cap Rate
0.11
DSCR
$1,098
Rent
-$2,597
Cashflow
Cash Flow
$1,098 income − $3,695 expenses = $2,597 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,098
Total Expenses
$3,695
Mortgage P&I
259%
$2,846
Property Taxes
34%
$371
Home Insurance
17%
$192
HOA
0%
$0
Property Management
10%
$110
CapEx
5%
$55
Vacancy
6%
$66
Maintenance
5%
$55
Other
0%
$0