This property looks like a bad Long-Term investment with a projected -7.27% first-year return on $57,750 initial cash invested.
-7.27%
Cash On Cash
5.42%
Cap Rate
0.83
DSCR
$1,885
Rent
-$350
Cashflow
Cash Flow
$1,885 income − $2,235 expenses = $350 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
$1,885
Total Expenses
$2,235
Mortgage P&I
79%
$1,497
Property Taxes
7%
$132
Home Insurance
5%
$96
HOA
1%
$21
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0