This property looks like a bad Long-Term investment with a projected -13.72% first-year return on $58,884 initial cash invested.
-13.72%
Cash On Cash
4.13%
Cap Rate
0.63
DSCR
$2,117
Rent
-$673
Cashflow
Cash Flow
$2,117 income − $2,790 expenses = $673 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,117
Total Expenses
$2,790
Mortgage P&I
72%
$1,533
Property Taxes
20%
$425
Home Insurance
5%
$100
HOA
9%
$181
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0