This property looks like a bad Long-Term investment with a projected -7.32% first-year return on $57,729 initial cash invested.
-7.32%
Cash On Cash
5.67%
Cap Rate
0.84
DSCR
$2,203
Rent
-$352
Cashflow
Cash Flow
$2,203 income − $2,555 expenses = $352 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,203
Total Expenses
$2,555
Mortgage P&I
70%
$1,541
Property Taxes
13%
$286
Home Insurance
4%
$96
HOA
3%
$60
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0