This property looks like a bad Long-Term investment with a projected -15.38% first-year return on $116k initial cash invested.
-15.38%
Cash On Cash
3.25%
Cap Rate
0.53
DSCR
$3,232
Rent
-$1,480
Cashflow
Cash Flow
$3,232 income − $4,712 expenses = $1,480 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,232
Total Expenses
$4,712
Mortgage P&I
87%
$2,808
Property Taxes
27%
$871
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$323
CapEx
5%
$162
Vacancy
6%
$194
Maintenance
5%
$162
Other
0%
$0