This property looks like a bad Long-Term investment with a projected -13.55% first-year return on $57,750 initial cash invested.
-13.55%
Cash On Cash
4.08%
Cap Rate
0.62
DSCR
$1,588
Rent
-$652
Cashflow
Cash Flow
$1,588 income − $2,240 expenses = $652 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,588
Total Expenses
$2,240
Mortgage P&I
95%
$1,507
Property Taxes
14%
$225
Home Insurance
6%
$96
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0