This property looks like a bad Long-Term investment with a projected -13.92% first-year return on $116k initial cash invested.
-13.92%
Cash On Cash
4.11%
Cap Rate
0.61
DSCR
$2,753
Rent
-$1,340
Cashflow
Cash Flow
$2,753 income − $4,093 expenses = $1,340 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
$2,753
Total Expenses
$4,093
Mortgage P&I
112%
$3,088
Property Taxes
4%
$97
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$275
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0