This property looks like a bad Long-Term investment with a projected -10% first-year return on $57,729 initial cash invested.
-10%
Cash On Cash
4.91%
Cap Rate
0.74
DSCR
$1,898
Rent
-$481
Cashflow
Cash Flow
$1,898 income − $2,379 expenses = $481 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,729
Downpayment
20%
$54,980
Closing costs
1%
$2,749
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,898
Total Expenses
$2,379
Mortgage P&I
80%
$1,510
Property Taxes
15%
$279
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0