This property looks like a bad Long-Term investment with a projected -20.91% first-year return on $58,779 initial cash invested.
-20.91%
Cash On Cash
2.11%
Cap Rate
0.33
DSCR
$757
Rent
-$1,024
Cashflow
Cash Flow
$757 income − $1,781 expenses = $1,024 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
6.9%
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
$757
Total Expenses
$1,781
Mortgage P&I
195%
$1,477
Property Taxes
1%
$9
Home Insurance
13%
$98
HOA
0%
$0
Property Management
10%
$76
CapEx
5%
$38
Vacancy
6%
$45
Maintenance
5%
$38
Other
0%
$0