This property looks like a bad Long-Term investment with a projected -8.23% first-year return on $58,779 initial cash invested.
-8.23%
Cash On Cash
5.3%
Cap Rate
0.81
DSCR
$2,309
Rent
-$403
Cashflow
Cash Flow
$2,309 income − $2,712 expenses = $403 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,309
Total Expenses
$2,712
Mortgage P&I
66%
$1,525
Property Taxes
21%
$489
Home Insurance
4%
$98
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$115
Vacancy
6%
$139
Maintenance
5%
$115
Other
0%
$0