This property looks like a bad Long-Term investment with a projected -21.14% first-year return on $115k initial cash invested.
-21.14%
Cash On Cash
2.01%
Cap Rate
0.32
DSCR
$2,010
Rent
-$2,035
Cashflow
Cash Flow
$2,010 income − $4,045 expenses = $2,035 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$110k
Closing costs
1%
$5,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,010
Total Expenses
$4,045
Mortgage P&I
142%
$2,858
Property Taxes
24%
$473
Home Insurance
10%
$192
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$121
Maintenance
5%
$100
Other
0%
$0