This property looks like a bad Long-Term investment with a projected -11.6% first-year return on $58,842 initial cash invested.
-11.6%
Cash On Cash
4.66%
Cap Rate
0.71
DSCR
$2,653
Rent
-$569
Cashflow
Cash Flow
$2,653 income − $3,222 expenses = $569 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,842
Downpayment
20%
$56,040
Closing costs
1%
$2,802
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,653
Total Expenses
$3,222
Mortgage P&I
57%
$1,525
Property Taxes
34%
$906
Home Insurance
4%
$101
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0