This property looks like a bad Long-Term investment with a projected -3.12% first-year return on $57,729 initial cash invested.
-3.12%
Cash On Cash
6.31%
Cap Rate
0.98
DSCR
$2,319
Rent
-$150
Cashflow
Cash Flow
$2,319 income − $2,469 expenses = $150 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,729
Downpayment
20%
$54,980
Closing costs
1%
$2,749
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,319
Total Expenses
$2,469
Mortgage P&I
64%
$1,479
Property Taxes
13%
$291
Home Insurance
4%
$96
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0