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
4.92%
Cap Rate
0.8
DSCR
$1,776
Rent
-$368
Cashflow
Cash Flow
$1,776 income − $2,144 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
$1,776
Total Expenses
$2,144
Mortgage P&I
80%
$1,427
Property Taxes
9%
$156
Home Insurance
6%
$98
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0