This property looks like a bad Long-Term investment with a projected -12.25% first-year return on $115k initial cash invested.
-12.25%
Cash On Cash
3.9%
Cap Rate
0.64
DSCR
$3,375
Rent
-$1,179
Cashflow
Cash Flow
$3,375 income − $4,554 expenses = $1,179 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,375
Total Expenses
$4,554
Mortgage P&I
83%
$2,798
Property Taxes
20%
$686
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$338
CapEx
5%
$169
Vacancy
6%
$202
Maintenance
5%
$169
Other
0%
$0