This property looks like a bad Long-Term investment with a projected -16.13% first-year return on $58,779 initial cash invested.
-16.13%
Cash On Cash
3.13%
Cap Rate
0.5
DSCR
$1,325
Rent
-$790
Cashflow
Cash Flow
$1,325 income − $2,115 expenses = $790 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,325
Total Expenses
$2,115
Mortgage P&I
110%
$1,454
Property Taxes
15%
$202
Home Insurance
7%
$98
HOA
1%
$17
Property Management
10%
$132
CapEx
5%
$66
Vacancy
6%
$80
Maintenance
5%
$66
Other
0%
$0