This property looks like a bad Long-Term investment with a projected -1% first-year return on $57,750 initial cash invested.
-1%
Cash On Cash
6.73%
Cap Rate
1.04
DSCR
$2,202
Rent
-$48
Cashflow
Cash Flow
$2,202 income − $2,250 expenses = $48 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,202
Total Expenses
$2,250
Mortgage P&I
67%
$1,480
Property Taxes
5%
$102
Home Insurance
4%
$96
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0