This property looks like a bad Long-Term investment with a projected -13.76% first-year return on $57,750 initial cash invested.
-13.76%
Cash On Cash
4.03%
Cap Rate
0.61
DSCR
$1,481
Rent
-$662
Cashflow
Cash Flow
$1,481 income − $2,143 expenses = $662 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
$1,481
Total Expenses
$2,143
Mortgage P&I
102%
$1,511
Property Taxes
10%
$151
Home Insurance
6%
$96
HOA
0%
$0
Property Management
10%
$148
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0