This property looks like a bad Long-Term investment with a projected -10.3% first-year return on $57,645 initial cash invested.
-10.3%
Cash On Cash
4.76%
Cap Rate
0.72
DSCR
$1,564
Rent
-$495
Cashflow
Cash Flow
$1,564 income − $2,059 expenses = $495 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,645
Downpayment
20%
$54,900
Closing costs
1%
$2,745
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,564
Total Expenses
$2,059
Mortgage P&I
96%
$1,506
Property Taxes
3%
$49
Home Insurance
6%
$98
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0