This property looks like a bad Long-Term investment with a projected -6.21% first-year return on $57,750 initial cash invested.
-6.21%
Cash On Cash
5.69%
Cap Rate
0.88
DSCR
$2,279
Rent
-$299
Cashflow
Cash Flow
$2,279 income − $2,578 expenses = $299 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
$2,279
Total Expenses
$2,578
Mortgage P&I
65%
$1,489
Property Taxes
18%
$400
Home Insurance
4%
$96
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0