This property looks like a bad Long-Term investment with a projected -14.21% first-year return on $57,750 initial cash invested.
-14.21%
Cash On Cash
4.01%
Cap Rate
0.61
DSCR
$1,797
Rent
-$684
Cashflow
Cash Flow
$1,797 income − $2,481 expenses = $684 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
$1,797
Total Expenses
$2,481
Mortgage P&I
84%
$1,514
Property Taxes
22%
$403
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0