This property looks like a bad Long-Term investment with a projected -3.18% first-year return on $58,779 initial cash invested.
-3.18%
Cash On Cash
5.98%
Cap Rate
0.96
DSCR
$1,940
Rent
-$156
Cashflow
Cash Flow
$1,940 income − $2,096 expenses = $156 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,940
Total Expenses
$2,096
Mortgage P&I
75%
$1,453
Property Taxes
2%
$41
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0