This property looks like a bad Long-Term investment with a projected -8.71% first-year return on $58,842 initial cash invested.
-8.71%
Cash On Cash
5.14%
Cap Rate
0.78
DSCR
$1,963
Rent
-$427
Cashflow
Cash Flow
$1,963 income − $2,390 expenses = $427 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,842
Downpayment
20%
$56,040
Closing costs
1%
$2,802
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,963
Total Expenses
$2,390
Mortgage P&I
78%
$1,529
Property Taxes
12%
$234
Home Insurance
5%
$107
HOA
1%
$10
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0