This property looks like a bad Long-Term investment with a projected -12.58% first-year return on $57,729 initial cash invested.
-12.58%
Cash On Cash
4.51%
Cap Rate
0.67
DSCR
$2,035
Rent
-$605
Cashflow
Cash Flow
$2,035 income − $2,640 expenses = $605 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,035
Total Expenses
$2,640
Mortgage P&I
75%
$1,536
Property Taxes
23%
$478
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0