This property looks like a bad Long-Term investment with a projected -3.92% first-year return on $58,800 initial cash invested.
-3.92%
Cash On Cash
6.39%
Cap Rate
0.96
DSCR
$2,568
Rent
-$192
Cashflow
Cash Flow
$2,568 income − $2,760 expenses = $192 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,568
Total Expenses
$2,760
Mortgage P&I
61%
$1,554
Property Taxes
16%
$411
Home Insurance
4%
$98
HOA
1%
$30
Property Management
10%
$257
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0