This property looks like a bad Long-Term investment with a projected -14.68% first-year return on $115k initial cash invested.
-14.68%
Cash On Cash
3.75%
Cap Rate
0.57
DSCR
$2,849
Rent
-$1,413
Cashflow
Cash Flow
$2,849 income − $4,262 expenses = $1,413 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,849
Total Expenses
$4,262
Mortgage P&I
105%
$2,988
Property Taxes
12%
$342
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$285
CapEx
5%
$142
Vacancy
6%
$171
Maintenance
5%
$142
Other
0%
$0