This property looks like a bad Long-Term investment with a projected -9.74% first-year return on $58,863 initial cash invested.
-9.74%
Cash On Cash
5.07%
Cap Rate
0.76
DSCR
$1,919
Rent
-$478
Cashflow
Cash Flow
$1,919 income − $2,397 expenses = $478 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,919
Total Expenses
$2,397
Mortgage P&I
82%
$1,567
Property Taxes
12%
$231
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0