This property looks like a bad Long-Term investment with a projected -1.92% first-year return on $58,779 initial cash invested.
-1.92%
Cash On Cash
6.92%
Cap Rate
1.04
DSCR
$2,976
Rent
-$94
Cashflow
Cash Flow
$2,976 income − $3,070 expenses = $94 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,976
Total Expenses
$3,070
Mortgage P&I
52%
$1,560
Property Taxes
21%
$637
Home Insurance
3%
$98
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0