This property looks like a bad Long-Term investment with a projected -3.72% first-year return on $57,792 initial cash invested.
-3.72%
Cash On Cash
5.97%
Cap Rate
0.95
DSCR
$2,198
Rent
-$179
Cashflow
Cash Flow
$2,198 income − $2,377 expenses = $179 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,792
Downpayment
20%
$55,040
Closing costs
1%
$2,752
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,198
Total Expenses
$2,377
Mortgage P&I
65%
$1,437
Property Taxes
12%
$268
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0