This property looks like a bad Long-Term investment with a projected -10.9% first-year return on $58,800 initial cash invested.
-10.9%
Cash On Cash
4.54%
Cap Rate
0.71
DSCR
$1,988
Rent
-$534
Cashflow
Cash Flow
$1,988 income − $2,522 expenses = $534 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,800
Downpayment
20%
$56,000
Closing costs
1%
$2,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,988
Total Expenses
$2,522
Mortgage P&I
75%
$1,495
Property Taxes
21%
$413
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0