This property looks like a bad Long-Term investment with a projected -7.33% first-year return on $58,800 initial cash invested.
-7.33%
Cash On Cash
5.32%
Cap Rate
0.82
DSCR
$1,771
Rent
-$359
Cashflow
Cash Flow
$1,771 income − $2,130 expenses = $359 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,800
Downpayment
20%
$56,000
Closing costs
1%
$2,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,771
Total Expenses
$2,130
Mortgage P&I
85%
$1,512
Property Taxes
3%
$59
Home Insurance
6%
$98
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$89
Vacancy
6%
$106
Maintenance
5%
$89
Other
0%
$0