This property looks like a bad Long-Term investment with a projected -2.97% first-year return on $57,716 initial cash invested.
-2.97%
Cash On Cash
6.44%
Cap Rate
0.98
DSCR
$2,309
Rent
-$143
Cashflow
Cash Flow
$2,309 income − $2,452 expenses = $143 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,716
Downpayment
20%
$54,968
Closing costs
1%
$2,748
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,309
Total Expenses
$2,452
Mortgage P&I
65%
$1,502
Property Taxes
9%
$204
Home Insurance
4%
$96
HOA
2%
$50
Property Management
10%
$231
CapEx
5%
$115
Vacancy
6%
$139
Maintenance
5%
$115
Other
0%
$0