This property looks like a bad Long-Term investment with a projected -3.26% first-year return on $58,884 initial cash invested.
-3.26%
Cash On Cash
6.18%
Cap Rate
0.96
DSCR
$2,140
Rent
-$160
Cashflow
Cash Flow
$2,140 income − $2,300 expenses = $160 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,884
Downpayment
20%
$56,080
Closing costs
1%
$2,804
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,140
Total Expenses
$2,300
Mortgage P&I
70%
$1,497
Property Taxes
4%
$84
Home Insurance
5%
$105
HOA
3%
$58
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0