This property looks like a bad Long-Term investment with a projected -15.53% first-year return on $116k initial cash invested.
-15.53%
Cash On Cash
3.66%
Cap Rate
0.55
DSCR
$2,515
Rent
-$1,495
Cashflow
Cash Flow
$2,515 income − $4,010 expenses = $1,495 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,515
Total Expenses
$4,010
Mortgage P&I
121%
$3,048
Property Taxes
5%
$115
Home Insurance
8%
$192
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0