This property looks like a bad Long-Term investment with a projected -10.26% first-year return on $57,750 initial cash invested.
-10.26%
Cash On Cash
4.53%
Cap Rate
0.71
DSCR
$1,517
Rent
-$494
Cashflow
Cash Flow
$1,517 income − $2,011 expenses = $494 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,517
Total Expenses
$2,011
Mortgage P&I
96%
$1,456
Property Taxes
4%
$64
Home Insurance
6%
$96
HOA
0%
$0
Property Management
10%
$152
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0