This property looks like a bad Long-Term investment with a projected -19.93% first-year return on $58,821 initial cash invested.
-19.93%
Cash On Cash
2.42%
Cap Rate
0.38
DSCR
$1,074
Rent
-$977
Cashflow
Cash Flow
$1,074 income − $2,051 expenses = $977 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,821
Downpayment
20%
$56,020
Closing costs
1%
$2,801
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,074
Total Expenses
$2,051
Mortgage P&I
138%
$1,487
Property Taxes
17%
$182
Home Insurance
10%
$103
HOA
0%
$0
Property Management
10%
$107
CapEx
5%
$54
Vacancy
6%
$64
Maintenance
5%
$54
Other
0%
$0