This property looks like a bad Long-Term investment with a projected -13.88% first-year return on $57,750 initial cash invested.
-13.88%
Cash On Cash
3.94%
Cap Rate
0.61
DSCR
$1,896
Rent
-$668
Cashflow
Cash Flow
$1,896 income − $2,564 expenses = $668 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,896
Total Expenses
$2,564
Mortgage P&I
78%
$1,476
Property Taxes
26%
$498
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0