This property looks like a bad Long-Term investment with a projected -11.94% first-year return on $58,779 initial cash invested.
-11.94%
Cash On Cash
4.41%
Cap Rate
0.68
DSCR
$2,186
Rent
-$585
Cashflow
Cash Flow
$2,186 income − $2,771 expenses = $585 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,186
Total Expenses
$2,771
Mortgage P&I
69%
$1,504
Property Taxes
27%
$601
Home Insurance
4%
$98
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0