This property looks like a bad Long-Term investment with a projected -15.15% first-year return on $57,750 initial cash invested.
-15.15%
Cash On Cash
3.85%
Cap Rate
0.57
DSCR
$1,405
Rent
-$729
Cashflow
Cash Flow
$1,405 income − $2,134 expenses = $729 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,405
Total Expenses
$2,134
Mortgage P&I
110%
$1,542
Property Taxes
9%
$132
Home Insurance
7%
$96
HOA
0%
$0
Property Management
10%
$140
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0