This property looks like a bad Long-Term investment with a projected -12.72% first-year return on $57,750 initial cash invested.
-12.72%
Cash On Cash
4.19%
Cap Rate
0.65
DSCR
$1,959
Rent
-$612
Cashflow
Cash Flow
$1,959 income − $2,571 expenses = $612 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,959
Total Expenses
$2,571
Mortgage P&I
75%
$1,475
Property Taxes
25%
$486
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0