This property looks like a bad Long-Term investment with a projected -14.98% first-year return on $116k initial cash invested.
-14.98%
Cash On Cash
3.87%
Cap Rate
0.58
DSCR
$2,989
Rent
-$1,442
Cashflow
Cash Flow
$2,989 income − $4,431 expenses = $1,442 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,989
Total Expenses
$4,431
Mortgage P&I
103%
$3,065
Property Taxes
13%
$398
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$299
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0