This property looks like a bad Long-Term investment with a projected -18.48% first-year return on $58,884 initial cash invested.
-18.48%
Cash On Cash
3.02%
Cap Rate
0.46
DSCR
$1,553
Rent
-$907
Cashflow
Cash Flow
$1,553 income − $2,460 expenses = $907 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,553
Total Expenses
$2,460
Mortgage P&I
99%
$1,535
Property Taxes
26%
$405
Home Insurance
7%
$116
HOA
0%
$0
Property Management
10%
$155
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0