This property looks like a bad Long-Term investment with a projected -8.07% first-year return on $57,729 initial cash invested.
-8.07%
Cash On Cash
4.96%
Cap Rate
0.8
DSCR
$1,923
Rent
-$388
Cashflow
Cash Flow
$1,923 income − $2,311 expenses = $388 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,729
Downpayment
20%
$54,980
Closing costs
1%
$2,749
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,923
Total Expenses
$2,311
Mortgage P&I
74%
$1,428
Property Taxes
10%
$198
Home Insurance
5%
$96
HOA
5%
$90
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0