This property looks like a bad Long-Term investment with a projected -7.27% first-year return on $58,779 initial cash invested.
-7.27%
Cash On Cash
5.46%
Cap Rate
0.84
DSCR
$2,127
Rent
-$356
Cashflow
Cash Flow
$2,127 income − $2,483 expenses = $356 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,127
Total Expenses
$2,483
Mortgage P&I
72%
$1,523
Property Taxes
15%
$309
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0