This property looks like a bad Long-Term investment with a projected -6.2% first-year return on $58,884 initial cash invested.
-6.2%
Cash On Cash
5.91%
Cap Rate
0.88
DSCR
$2,326
Rent
-$304
Cashflow
Cash Flow
$2,326 income − $2,630 expenses = $304 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,884
Downpayment
20%
$56,080
Closing costs
1%
$2,804
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,326
Total Expenses
$2,630
Mortgage P&I
67%
$1,568
Property Taxes
15%
$357
Home Insurance
4%
$100
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$116
Vacancy
6%
$140
Maintenance
5%
$116
Other
0%
$0