This property looks like a bad Long-Term investment with a projected -8.23% first-year return on $57,750 initial cash invested.
-8.23%
Cash On Cash
5.36%
Cap Rate
0.81
DSCR
$2,009
Rent
-$396
Cashflow
Cash Flow
$2,009 income − $2,405 expenses = $396 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,009
Total Expenses
$2,405
Mortgage P&I
76%
$1,524
Property Taxes
13%
$260
Home Insurance
5%
$96
HOA
0%
$3
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$121
Maintenance
5%
$100
Other
0%
$0