This property looks like a bad Long-Term investment with a projected -16.03% first-year return on $115k initial cash invested.
-16.03%
Cash On Cash
3.52%
Cap Rate
0.54
DSCR
$2,877
Rent
-$1,543
Cashflow
Cash Flow
$2,877 income − $4,420 expenses = $1,543 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,877
Total Expenses
$4,420
Mortgage P&I
105%
$3,014
Property Taxes
16%
$465
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0