This property looks like a bad Long-Term investment with a projected -19.32% first-year return on $116k initial cash invested.
-19.32%
Cash On Cash
2.96%
Cap Rate
0.44
DSCR
$2,409
Rent
-$1,860
Cashflow
Cash Flow
$2,409 income − $4,269 expenses = $1,860 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,409
Total Expenses
$4,269
Mortgage P&I
128%
$3,095
Property Taxes
15%
$356
Home Insurance
8%
$192
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$120
Vacancy
6%
$145
Maintenance
5%
$120
Other
0%
$0