This property looks like a bad Long-Term investment with a projected -7.29% first-year return on $57,750 initial cash invested.
-7.29%
Cash On Cash
5.56%
Cap Rate
0.84
DSCR
$2,238
Rent
-$351
Cashflow
Cash Flow
$2,238 income − $2,589 expenses = $351 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,238
Total Expenses
$2,589
Mortgage P&I
68%
$1,514
Property Taxes
18%
$397
Home Insurance
4%
$96
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0