This property looks like a bad Long-Term investment with a projected -8.81% first-year return on $57,750 initial cash invested.
-8.81%
Cash On Cash
5.01%
Cap Rate
0.78
DSCR
$2,045
Rent
-$424
Cashflow
Cash Flow
$2,045 income − $2,469 expenses = $424 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,045
Total Expenses
$2,469
Mortgage P&I
72%
$1,469
Property Taxes
18%
$373
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0