This property looks like a bad Long-Term investment with a projected -9.86% first-year return on $58,779 initial cash invested.
-9.86%
Cash On Cash
5%
Cap Rate
0.75
DSCR
$1,795
Rent
-$483
Cashflow
Cash Flow
$1,795 income − $2,278 expenses = $483 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,795
Total Expenses
$2,278
Mortgage P&I
87%
$1,559
Property Taxes
9%
$153
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0