This property looks like a bad Long-Term investment with a projected -2.22% first-year return on $57,750 initial cash invested.
-2.22%
Cash On Cash
6.44%
Cap Rate
1.01
DSCR
$2,340
Rent
-$107
Cashflow
Cash Flow
$2,340 income − $2,447 expenses = $107 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,340
Total Expenses
$2,447
Mortgage P&I
63%
$1,466
Property Taxes
12%
$277
Home Insurance
4%
$96
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0