This property looks like a bad Long-Term investment with a projected -7.82% first-year return on $58,779 initial cash invested.
-7.82%
Cash On Cash
4.93%
Cap Rate
0.8
DSCR
$1,793
Rent
-$383
Cashflow
Cash Flow
$1,793 income − $2,176 expenses = $383 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,793
Total Expenses
$2,176
Mortgage P&I
80%
$1,442
Property Taxes
9%
$169
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0