This property looks like a bad Long-Term investment with a projected -15.92% first-year return on $58,779 initial cash invested.
-15.92%
Cash On Cash
3.16%
Cap Rate
0.51
DSCR
$1,188
Rent
-$780
Cashflow
Cash Flow
$1,188 income − $1,968 expenses = $780 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
$1,188
Total Expenses
$1,968
Mortgage P&I
123%
$1,459
Property Taxes
9%
$103
Home Insurance
8%
$98
HOA
0%
$0
Property Management
10%
$119
CapEx
5%
$59
Vacancy
6%
$71
Maintenance
5%
$59
Other
0%
$0