This property looks like a bad Long-Term investment with a projected -13.8% first-year return on $57,750 initial cash invested.
-13.8%
Cash On Cash
3.97%
Cap Rate
0.61
DSCR
$1,586
Rent
-$664
Cashflow
Cash Flow
$1,586 income − $2,250 expenses = $664 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
$1,586
Total Expenses
$2,250
Mortgage P&I
94%
$1,494
Property Taxes
16%
$248
Home Insurance
6%
$96
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0