This property looks like a bad Long-Term investment with a projected -10.05% first-year return on $58,863 initial cash invested.
-10.05%
Cash On Cash
5.04%
Cap Rate
0.75
DSCR
$2,209
Rent
-$493
Cashflow
Cash Flow
$2,209 income − $2,702 expenses = $493 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,863
Downpayment
20%
$56,060
Closing costs
1%
$2,803
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,209
Total Expenses
$2,702
Mortgage P&I
71%
$1,561
Property Taxes
20%
$439
Home Insurance
5%
$100
HOA
1%
$28
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$133
Maintenance
5%
$110
Other
0%
$0