This property looks like a bad Long-Term investment with a projected -10.6% first-year return on $57,750 initial cash invested.
-10.6%
Cash On Cash
4.9%
Cap Rate
0.73
DSCR
$2,002
Rent
-$510
Cashflow
Cash Flow
$2,002 income − $2,512 expenses = $510 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,002
Total Expenses
$2,512
Mortgage P&I
77%
$1,534
Property Taxes
18%
$362
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0