This property looks like a bad Long-Term investment with a projected -7.06% first-year return on $57,750 initial cash invested.
-7.06%
Cash On Cash
5.49%
Cap Rate
0.84
DSCR
$2,079
Rent
-$340
Cashflow
Cash Flow
$2,079 income − $2,419 expenses = $340 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,079
Total Expenses
$2,419
Mortgage P&I
72%
$1,494
Property Taxes
14%
$288
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0