This property looks like a bad Long-Term investment with a projected -13.27% first-year return on $57,792 initial cash invested.
-13.27%
Cash On Cash
4.03%
Cap Rate
0.62
DSCR
$1,645
Rent
-$639
Cashflow
Cash Flow
$1,645 income − $2,284 expenses = $639 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,792
Downpayment
20%
$55,040
Closing costs
1%
$2,752
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,645
Total Expenses
$2,284
Mortgage P&I
90%
$1,481
Property Taxes
17%
$278
Home Insurance
6%
$98
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0