This property looks like a bad Long-Term investment with a projected -6.09% first-year return on $57,750 initial cash invested.
-6.09%
Cash On Cash
5.31%
Cap Rate
0.86
DSCR
$1,881
Rent
-$293
Cashflow
Cash Flow
$1,881 income − $2,174 expenses = $293 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,881
Total Expenses
$2,174
Mortgage P&I
75%
$1,417
Property Taxes
9%
$172
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0