This property looks like a bad Long-Term investment with a projected -18.16% first-year return on $115k initial cash invested.
-18.16%
Cash On Cash
2.84%
Cap Rate
0.44
DSCR
$2,009
Rent
-$1,746
Cashflow
Cash Flow
$2,009 income − $3,755 expenses = $1,746 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%
$5,495
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,009
Total Expenses
$3,755
Mortgage P&I
147%
$2,948
Property Taxes
5%
$93
Home Insurance
10%
$192
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$121
Maintenance
5%
$100
Other
0%
$0