This property looks like a bad Long-Term investment with a projected -9.92% first-year return on $57,834 initial cash invested.
-9.92%
Cash On Cash
4.69%
Cap Rate
0.73
DSCR
$1,503
Rent
-$478
Cashflow
Cash Flow
$1,503 income − $1,981 expenses = $478 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,834
Downpayment
20%
$55,080
Closing costs
1%
$2,754
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,503
Total Expenses
$1,981
Mortgage P&I
98%
$1,480
Property Taxes
2%
$23
Home Insurance
6%
$88
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0