This property looks like a bad Long-Term investment with a projected -9.68% first-year return on $58,884 initial cash invested.
-9.68%
Cash On Cash
5.15%
Cap Rate
0.77
DSCR
$2,135
Rent
-$475
Cashflow
Cash Flow
$2,135 income − $2,610 expenses = $475 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,884
Downpayment
20%
$56,080
Closing costs
1%
$2,804
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,135
Total Expenses
$2,610
Mortgage P&I
74%
$1,572
Property Taxes
18%
$382
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0