This property looks like a bad Long-Term investment with a projected -16.91% first-year return on $57,750 initial cash invested.
-16.91%
Cash On Cash
3.37%
Cap Rate
0.51
DSCR
$1,378
Rent
-$814
Cashflow
Cash Flow
$1,378 income − $2,192 expenses = $814 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,378
Total Expenses
$2,192
Mortgage P&I
110%
$1,518
Property Taxes
16%
$219
Home Insurance
7%
$96
HOA
0%
$0
Property Management
10%
$138
CapEx
5%
$69
Vacancy
6%
$83
Maintenance
5%
$69
Other
0%
$0