This property looks like a bad Long-Term investment with a projected -8.36% first-year return on $57,708 initial cash invested.
-8.36%
Cash On Cash
5.23%
Cap Rate
0.8
DSCR
$1,966
Rent
-$402
Cashflow
Cash Flow
$1,966 income − $2,368 expenses = $402 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,708
Downpayment
20%
$54,960
Closing costs
1%
$2,748
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,966
Total Expenses
$2,368
Mortgage P&I
76%
$1,502
Property Taxes
13%
$258
Home Insurance
5%
$97
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0