This property looks like a bad Long-Term investment with a projected -13.69% first-year return on $57,750 initial cash invested.
-13.69%
Cash On Cash
4.24%
Cap Rate
0.63
DSCR
$1,919
Rent
-$659
Cashflow
Cash Flow
$1,919 income − $2,578 expenses = $659 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,919
Total Expenses
$2,578
Mortgage P&I
80%
$1,534
Property Taxes
23%
$449
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0