This property looks like a bad Long-Term investment with a projected -23.29% first-year return on $115k initial cash invested.
-23.29%
Cash On Cash
1.85%
Cap Rate
0.28
DSCR
$1,433
Rent
-$2,241
Cashflow
Cash Flow
$1,433 income − $3,674 expenses = $2,241 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,433
Total Expenses
$3,674
Mortgage P&I
211%
$3,018
Property Taxes
6%
$91
Home Insurance
13%
$192
HOA
0%
$0
Property Management
10%
$143
CapEx
5%
$72
Vacancy
6%
$86
Maintenance
5%
$72
Other
0%
$0