This property looks like a bad Long-Term investment with a projected -12.24% first-year return on $57,750 initial cash invested.
-12.24%
Cash On Cash
3.87%
Cap Rate
0.63
DSCR
$1,552
Rent
-$589
Cashflow
Cash Flow
$1,552 income − $2,141 expenses = $589 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,552
Total Expenses
$2,141
Mortgage P&I
90%
$1,398
Property Taxes
16%
$243
Home Insurance
6%
$96
HOA
0%
$0
Property Management
10%
$155
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0