This property looks like a bad Long-Term investment with a projected -9.53% first-year return on $58,779 initial cash invested.
-9.53%
Cash On Cash
4.51%
Cap Rate
0.74
DSCR
$1,828
Rent
-$467
Cashflow
Cash Flow
$1,828 income − $2,295 expenses = $467 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
$1,828
Total Expenses
$2,295
Mortgage P&I
78%
$1,428
Property Taxes
16%
$294
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$91
Vacancy
6%
$110
Maintenance
5%
$91
Other
0%
$0