This property looks like a bad Long-Term investment with a projected -10.29% first-year return on $116k initial cash invested.
-10.29%
Cash On Cash
4.59%
Cap Rate
0.72
DSCR
$3,740
Rent
-$991
Cashflow
Cash Flow
$3,740 income − $4,731 expenses = $991 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$110k
Closing costs
1%
$5,501
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,740
Total Expenses
$4,731
Mortgage P&I
78%
$2,909
Property Taxes
17%
$640
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$374
CapEx
5%
$187
Vacancy
6%
$224
Maintenance
5%
$187
Other
0%
$0