This property looks like a bad Long-Term investment with a projected -7.15% first-year return on $57,750 initial cash invested.
-7.15%
Cash On Cash
5.55%
Cap Rate
0.84
DSCR
$1,986
Rent
-$344
Cashflow
Cash Flow
$1,986 income − $2,330 expenses = $344 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,986
Total Expenses
$2,330
Mortgage P&I
76%
$1,518
Property Taxes
10%
$200
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0