This property looks like a bad Long-Term investment with a projected -8.29% first-year return on $58,800 initial cash invested.
-8.29%
Cash On Cash
5.39%
Cap Rate
0.81
DSCR
$2,166
Rent
-$406
Cashflow
Cash Flow
$2,166 income − $2,572 expenses = $406 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,166
Total Expenses
$2,572
Mortgage P&I
72%
$1,555
Property Taxes
16%
$356
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0