This property looks like a bad Long-Term investment with a projected -19.13% first-year return on $58,779 initial cash invested.
-19.13%
Cash On Cash
2.97%
Cap Rate
0.45
DSCR
$1,965
Rent
-$937
Cashflow
Cash Flow
$1,965 income − $2,902 expenses = $937 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,965
Total Expenses
$2,902
Mortgage P&I
78%
$1,531
Property Taxes
30%
$580
Home Insurance
5%
$98
HOA
9%
$183
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0