This property looks like a bad Long-Term investment with a projected -14.6% first-year return on $58,842 initial cash invested.
-14.6%
Cash On Cash
3.75%
Cap Rate
0.58
DSCR
$1,438
Rent
-$716
Cashflow
Cash Flow
$1,438 income − $2,154 expenses = $716 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,842
Downpayment
20%
$56,040
Closing costs
1%
$2,802
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,438
Total Expenses
$2,154
Mortgage P&I
106%
$1,520
Property Taxes
11%
$160
Home Insurance
7%
$100
HOA
0%
$0
Property Management
10%
$144
CapEx
5%
$72
Vacancy
6%
$86
Maintenance
5%
$72
Other
0%
$0