This property looks like a bad Long-Term investment with a projected -12.84% first-year return on $57,750 initial cash invested.
-12.84%
Cash On Cash
4.18%
Cap Rate
0.64
DSCR
$1,624
Rent
-$618
Cashflow
Cash Flow
$1,624 income − $2,242 expenses = $618 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
$1,624
Total Expenses
$2,242
Mortgage P&I
92%
$1,496
Property Taxes
14%
$229
Home Insurance
6%
$96
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0