This property looks like a bad Long-Term investment with a projected -10.15% first-year return on $58,884 initial cash invested.
-10.15%
Cash On Cash
4.65%
Cap Rate
0.74
DSCR
$2,133
Rent
-$498
Cashflow
Cash Flow
$2,133 income − $2,631 expenses = $498 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,133
Total Expenses
$2,631
Mortgage P&I
69%
$1,477
Property Taxes
23%
$496
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0