This property looks like a bad Long-Term investment with a projected -15.49% first-year return on $58,863 initial cash invested.
-15.49%
Cash On Cash
3.51%
Cap Rate
0.55
DSCR
$1,678
Rent
-$760
Cashflow
Cash Flow
$1,678 income − $2,438 expenses = $760 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,863
Downpayment
20%
$56,060
Closing costs
1%
$2,803
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,678
Total Expenses
$2,438
Mortgage P&I
89%
$1,496
Property Taxes
23%
$384
Home Insurance
7%
$121
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0