This property looks like a bad Long-Term investment with a projected -18.08% first-year return on $115k initial cash invested.
-18.08%
Cash On Cash
2.57%
Cap Rate
0.42
DSCR
$2,164
Rent
-$1,740
Cashflow
Cash Flow
$2,164 income − $3,904 expenses = $1,740 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,164
Total Expenses
$3,904
Mortgage P&I
130%
$2,808
Property Taxes
16%
$342
Home Insurance
9%
$192
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0