This property looks like a bad Long-Term investment with a projected -4.68% first-year return on $57,750 initial cash invested.
-4.68%
Cash On Cash
6.05%
Cap Rate
0.92
DSCR
$2,069
Rent
-$225
Cashflow
Cash Flow
$2,069 income − $2,294 expenses = $225 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,069
Total Expenses
$2,294
Mortgage P&I
73%
$1,509
Property Taxes
7%
$152
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0