This property looks like a bad Long-Term investment with a projected -7.51% first-year return on $58,779 initial cash invested.
-7.51%
Cash On Cash
4.94%
Cap Rate
0.81
DSCR
$1,871
Rent
-$368
Cashflow
Cash Flow
$1,871 income − $2,239 expenses = $368 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,779
Downpayment
20%
$55,980
Closing costs
1%
$2,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,871
Total Expenses
$2,239
Mortgage P&I
76%
$1,427
Property Taxes
11%
$210
Home Insurance
5%
$98
HOA
1%
$17
Property Management
10%
$187
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0