This property looks like a bad Long-Term investment with a projected -0.04% first-year return on $58,779 initial cash invested.
-0.04%
Cash On Cash
7.06%
Cap Rate
1.08
DSCR
$2,596
Rent
-$2
Cashflow
Cash Flow
$2,596 income − $2,598 expenses = $2 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,596
Total Expenses
$2,598
Mortgage P&I
59%
$1,519
Property Taxes
12%
$305
Home Insurance
4%
$98
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0