This property looks like a bad Long-Term investment with a projected -13.4% first-year return on $116k initial cash invested.
-13.4%
Cash On Cash
4.05%
Cap Rate
0.62
DSCR
$2,949
Rent
-$1,290
Cashflow
Cash Flow
$2,949 income − $4,239 expenses = $1,290 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,949
Total Expenses
$4,239
Mortgage P&I
102%
$2,997
Property Taxes
9%
$277
Home Insurance
7%
$199
HOA
0%
$0
Property Management
10%
$295
CapEx
5%
$147
Vacancy
6%
$177
Maintenance
5%
$147
Other
0%
$0