This property looks like a bad Long-Term investment with a projected -19.34% first-year return on $116k initial cash invested.
-19.34%
Cash On Cash
2.76%
Cap Rate
0.42
DSCR
$2,281
Rent
-$1,861
Cashflow
Cash Flow
$2,281 income − $4,142 expenses = $1,861 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,281
Total Expenses
$4,142
Mortgage P&I
132%
$3,012
Property Taxes
15%
$345
Home Insurance
8%
$192
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0