This property looks like a bad Long-Term investment with a projected -7.75% first-year return on $57,771 initial cash invested.
-7.75%
Cash On Cash
5.37%
Cap Rate
0.82
DSCR
$2,159
Rent
-$373
Cashflow
Cash Flow
$2,159 income − $2,532 expenses = $373 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,771
Downpayment
20%
$55,020
Closing costs
1%
$2,751
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,159
Total Expenses
$2,532
Mortgage P&I
69%
$1,495
Property Taxes
17%
$368
Home Insurance
5%
$105
HOA
0%
$2
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0