This property looks like a bad Long-Term investment with a projected -17.02% first-year return on $58,800 initial cash invested.
-17.02%
Cash On Cash
3.43%
Cap Rate
0.52
DSCR
$1,640
Rent
-$834
Cashflow
Cash Flow
$1,640 income − $2,474 expenses = $834 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,800
Downpayment
20%
$56,000
Closing costs
1%
$2,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,640
Total Expenses
$2,474
Mortgage P&I
95%
$1,552
Property Taxes
24%
$396
Home Insurance
6%
$100
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0