This property looks like a bad Long-Term investment with a projected -16.33% first-year return on $58,800 initial cash invested.
-16.33%
Cash On Cash
3.4%
Cap Rate
0.53
DSCR
$1,631
Rent
-$800
Cashflow
Cash Flow
$1,631 income − $2,431 expenses = $800 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,800
Downpayment
20%
$56,000
Closing costs
1%
$2,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,631
Total Expenses
$2,431
Mortgage P&I
93%
$1,512
Property Taxes
24%
$396
Home Insurance
6%
$98
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0