This property looks like a bad Long-Term investment with a projected -0.81% first-year return on $57,750 initial cash invested.
-0.81%
Cash On Cash
6.58%
Cap Rate
1.05
DSCR
$2,188
Rent
-$39
Cashflow
Cash Flow
$2,188 income − $2,227 expenses = $39 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,188
Total Expenses
$2,227
Mortgage P&I
66%
$1,438
Property Taxes
6%
$125
Home Insurance
4%
$96
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0