This property looks like a bad Long-Term investment with a projected -4.63% first-year return on $58,779 initial cash invested.
-4.63%
Cash On Cash
6.21%
Cap Rate
0.93
DSCR
$2,497
Rent
-$227
Cashflow
Cash Flow
$2,497 income − $2,724 expenses = $227 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,497
Total Expenses
$2,724
Mortgage P&I
62%
$1,550
Property Taxes
17%
$426
Home Insurance
4%
$98
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0