This property looks like a bad Long-Term investment with a projected -5.31% first-year return on $58,758 initial cash invested.
-5.31%
Cash On Cash
5.95%
Cap Rate
0.9
DSCR
$2,121
Rent
-$260
Cashflow
Cash Flow
$2,121 income − $2,381 expenses = $260 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,758
Downpayment
20%
$55,960
Closing costs
1%
$2,798
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,121
Total Expenses
$2,381
Mortgage P&I
73%
$1,542
Property Taxes
8%
$167
Home Insurance
5%
$110
HOA
1%
$11
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0