This property looks like a bad Long-Term investment with a projected -13.08% first-year return on $58,800 initial cash invested.
-13.08%
Cash On Cash
4.28%
Cap Rate
0.64
DSCR
$1,478
Rent
-$641
Cashflow
Cash Flow
$1,478 income − $2,119 expenses = $641 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,478
Total Expenses
$2,119
Mortgage P&I
106%
$1,566
Property Taxes
5%
$70
Home Insurance
7%
$98
HOA
0%
$0
Property Management
10%
$148
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0