This property looks like a bad Long-Term investment with a projected -10.33% first-year return on $57,750 initial cash invested.
-10.33%
Cash On Cash
4.97%
Cap Rate
0.74
DSCR
$2,038
Rent
-$497
Cashflow
Cash Flow
$2,038 income − $2,535 expenses = $497 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,038
Total Expenses
$2,535
Mortgage P&I
75%
$1,535
Property Taxes
18%
$374
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0