This property looks like a bad Long-Term investment with a projected -16.23% first-year return on $58,779 initial cash invested.
-16.23%
Cash On Cash
3.56%
Cap Rate
0.54
DSCR
$1,556
Rent
-$795
Cashflow
Cash Flow
$1,556 income − $2,351 expenses = $795 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,556
Total Expenses
$2,351
Mortgage P&I
99%
$1,547
Property Taxes
13%
$199
Home Insurance
6%
$98
HOA
7%
$102
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0