This property looks like a bad Long-Term investment with a projected -0.62% first-year return on $57,750 initial cash invested.
-0.62%
Cash On Cash
7.05%
Cap Rate
1.08
DSCR
$2,998
Rent
-$30
Cashflow
Cash Flow
$2,998 income − $3,028 expenses = $30 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,750
Downpayment
20%
$55,000
Closing costs
1%
$2,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,998
Total Expenses
$3,028
Mortgage P&I
50%
$1,495
Property Taxes
22%
$657
Home Insurance
3%
$96
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0