This property looks like a bad Long-Term investment with a projected -15% first-year return on $116k initial cash invested.
-15%
Cash On Cash
3.43%
Cap Rate
0.55
DSCR
$2,959
Rent
-$1,444
Cashflow
Cash Flow
$2,959 income − $4,403 expenses = $1,444 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,959
Total Expenses
$4,403
Mortgage P&I
97%
$2,866
Property Taxes
19%
$575
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0