This property looks like a bad Long-Term investment with a projected -12.03% first-year return on $115k initial cash invested.
-12.03%
Cash On Cash
4.26%
Cap Rate
0.66
DSCR
$2,771
Rent
-$1,158
Cashflow
Cash Flow
$2,771 income − $3,929 expenses = $1,158 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,771
Total Expenses
$3,929
Mortgage P&I
107%
$2,969
Property Taxes
2%
$47
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$277
CapEx
5%
$139
Vacancy
6%
$166
Maintenance
5%
$139
Other
0%
$0