This property looks like a bad Long-Term investment with a projected -10.06% first-year return on $58,800 initial cash invested.
-10.06%
Cash On Cash
4.83%
Cap Rate
0.73
DSCR
$1,616
Rent
-$493
Cashflow
Cash Flow
$1,616 income − $2,109 expenses = $493 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,616
Total Expenses
$2,109
Mortgage P&I
95%
$1,538
Property Taxes
3%
$52
Home Insurance
6%
$98
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0