This property looks like a bad Long-Term investment with a projected -12.52% first-year return on $116k initial cash invested.
-12.52%
Cash On Cash
4.18%
Cap Rate
0.65
DSCR
$3,186
Rent
-$1,205
Cashflow
Cash Flow
$3,186 income − $4,391 expenses = $1,205 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
$3,186
Total Expenses
$4,391
Mortgage P&I
93%
$2,964
Property Taxes
13%
$407
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$319
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0