This property looks like a bad Long-Term investment with a projected -5.64% first-year return on $57,687 initial cash invested.
-5.64%
Cash On Cash
6.04%
Cap Rate
0.89
DSCR
$2,052
Rent
-$271
Cashflow
Cash Flow
$2,052 income − $2,323 expenses = $271 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,687
Downpayment
20%
$54,940
Closing costs
1%
$2,747
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,052
Total Expenses
$2,323
Mortgage P&I
76%
$1,551
Property Taxes
7%
$140
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0