This property looks like a bad Long-Term investment with a projected -5.06% first-year return on $58,779 initial cash invested.
-5.06%
Cash On Cash
6.04%
Cap Rate
0.9
DSCR
$1,948
Rent
-$248
Cashflow
Cash Flow
$1,948 income − $2,196 expenses = $248 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,779
Downpayment
20%
$55,980
Closing costs
1%
$2,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,948
Total Expenses
$2,196
Mortgage P&I
80%
$1,559
Property Taxes
2%
$33
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0