This property looks like a bad Long-Term investment with a projected -13.24% first-year return on $57,750 initial cash invested.
-13.24%
Cash On Cash
4.13%
Cap Rate
0.63
DSCR
$1,773
Rent
-$637
Cashflow
Cash Flow
$1,773 income − $2,410 expenses = $637 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,773
Total Expenses
$2,410
Mortgage P&I
84%
$1,494
Property Taxes
20%
$359
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$89
Vacancy
6%
$106
Maintenance
5%
$89
Other
0%
$0