This property looks like a bad Long-Term investment with a projected -0.62% first-year return on $57,729 initial cash invested.
-0.62%
Cash On Cash
6.39%
Cap Rate
1.07
DSCR
$2,650
Rent
-$30
Cashflow
Cash Flow
$2,650 income − $2,680 expenses = $30 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,729
Downpayment
20%
$54,980
Closing costs
1%
$2,749
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,650
Total Expenses
$2,680
Mortgage P&I
51%
$1,362
Property Taxes
20%
$534
Home Insurance
4%
$96
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0