This property looks like a bad Long-Term investment with a projected -19.21% first-year return on $116k initial cash invested.
-19.21%
Cash On Cash
2.62%
Cap Rate
0.41
DSCR
$2,016
Rent
-$1,849
Cashflow
Cash Flow
$2,016 income − $3,865 expenses = $1,849 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,016
Total Expenses
$3,865
Mortgage P&I
146%
$2,949
Property Taxes
10%
$199
Home Insurance
10%
$192
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0