This property looks like a bad Long-Term investment with a projected -2.56% first-year return on $57,750 initial cash invested.
-2.56%
Cash On Cash
6.46%
Cap Rate
0.99
DSCR
$2,057
Rent
-$123
Cashflow
Cash Flow
$2,057 income − $2,180 expenses = $123 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
$2,057
Total Expenses
$2,180
Mortgage P&I
73%
$1,501
Property Taxes
2%
$48
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0