This property looks like a bad Long-Term investment with a projected -18.74% first-year return on $116k initial cash invested.
-18.74%
Cash On Cash
2.56%
Cap Rate
0.41
DSCR
$2,707
Rent
-$1,804
Cashflow
Cash Flow
$2,707 income − $4,511 expenses = $1,804 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
$2,707
Total Expenses
$4,511
Mortgage P&I
105%
$2,841
Property Taxes
22%
$590
Home Insurance
7%
$192
HOA
7%
$185
Property Management
10%
$271
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0