This property looks like a bad Long-Term investment with a projected -8.63% first-year return on $57,813 initial cash invested.
-8.63%
Cash On Cash
5.2%
Cap Rate
0.8
DSCR
$2,462
Rent
-$416
Cashflow
Cash Flow
$2,462 income − $2,878 expenses = $416 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,813
Downpayment
20%
$55,060
Closing costs
1%
$2,753
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,462
Total Expenses
$2,878
Mortgage P&I
60%
$1,485
Property Taxes
27%
$669
Home Insurance
3%
$84
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0