This property looks like a bad Long-Term investment with a projected -14.72% first-year return on $57,729 initial cash invested.
-14.72%
Cash On Cash
3.96%
Cap Rate
0.59
DSCR
$1,491
Rent
-$708
Cashflow
Cash Flow
$1,491 income − $2,199 expenses = $708 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,729
Downpayment
20%
$54,980
Closing costs
1%
$2,749
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,491
Total Expenses
$2,199
Mortgage P&I
103%
$1,541
Property Taxes
11%
$167
Home Insurance
7%
$103
HOA
0%
$0
Property Management
10%
$149
CapEx
5%
$75
Vacancy
6%
$89
Maintenance
5%
$75
Other
0%
$0