This property looks like a bad Long-Term investment with a projected -11.51% first-year return on $58,695 initial cash invested.
-11.51%
Cash On Cash
4.25%
Cap Rate
0.67
DSCR
$1,618
Rent
-$563
Cashflow
Cash Flow
$1,618 income − $2,181 expenses = $563 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,695
Downpayment
20%
$55,900
Closing costs
1%
$2,795
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,618
Total Expenses
$2,181
Mortgage P&I
91%
$1,472
Property Taxes
12%
$190
Home Insurance
6%
$98
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0