This property looks like a bad Long-Term investment with a projected -6.05% first-year return on $58,695 initial cash invested.
-6.05%
Cash On Cash
5.66%
Cap Rate
0.87
DSCR
$1,932
Rent
-$296
Cashflow
Cash Flow
$1,932 income − $2,228 expenses = $296 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,932
Total Expenses
$2,228
Mortgage P&I
79%
$1,517
Property Taxes
6%
$107
Home Insurance
5%
$101
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0