This property looks like a bad Long-Term investment with a projected -12.22% first-year return on $57,834 initial cash invested.
-12.22%
Cash On Cash
3.86%
Cap Rate
0.63
DSCR
$1,333
Rent
-$589
Cashflow
Cash Flow
$1,333 income − $1,922 expenses = $589 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,834
Downpayment
20%
$55,080
Closing costs
1%
$2,754
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,333
Total Expenses
$1,922
Mortgage P&I
106%
$1,409
Property Taxes
5%
$66
Home Insurance
8%
$100
HOA
0%
$0
Property Management
10%
$133
CapEx
5%
$67
Vacancy
6%
$80
Maintenance
5%
$67
Other
0%
$0