This property looks like a bad Long-Term investment with a projected -21.47% first-year return on $58,800 initial cash invested.
-21.47%
Cash On Cash
2.37%
Cap Rate
0.36
DSCR
$1,453
Rent
-$1,052
Cashflow
Cash Flow
$1,453 income − $2,505 expenses = $1,052 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,453
Total Expenses
$2,505
Mortgage P&I
105%
$1,531
Property Taxes
34%
$498
Home Insurance
7%
$98
HOA
0%
$0
Property Management
10%
$145
CapEx
5%
$73
Vacancy
6%
$87
Maintenance
5%
$73
Other
0%
$0