This property looks like a bad Long-Term investment with a projected -10.08% first-year return on $58,800 initial cash invested.
-10.08%
Cash On Cash
4.76%
Cap Rate
0.73
DSCR
$1,695
Rent
-$494
Cashflow
Cash Flow
$1,695 income − $2,189 expenses = $494 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
$1,695
Total Expenses
$2,189
Mortgage P&I
90%
$1,520
Property Taxes
8%
$129
Home Insurance
6%
$98
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0