This property looks like a bad Long-Term investment with a projected -13.84% first-year return on $58,779 initial cash invested.
-13.84%
Cash On Cash
4.16%
Cap Rate
0.62
DSCR
$1,514
Rent
-$678
Cashflow
Cash Flow
$1,514 income − $2,192 expenses = $678 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
$1,514
Total Expenses
$2,192
Mortgage P&I
104%
$1,573
Property Taxes
8%
$127
Home Insurance
6%
$98
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0