This property looks like a bad Long-Term investment with a projected -16.54% first-year return on $116k initial cash invested.
-16.54%
Cash On Cash
2.97%
Cap Rate
0.49
DSCR
$3,141
Rent
-$1,593
Cashflow
Cash Flow
$3,141 income − $4,734 expenses = $1,593 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$110k
Closing costs
1%
$5,502
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,141
Total Expenses
$4,734
Mortgage P&I
89%
$2,800
Property Taxes
29%
$926
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$188
Maintenance
5%
$157
Other
0%
$0