This property looks like a bad Long-Term investment with a projected -15.35% first-year return on $58,800 initial cash invested.
-15.35%
Cash On Cash
3.45%
Cap Rate
0.54
DSCR
$1,348
Rent
-$752
Cashflow
Cash Flow
$1,348 income − $2,100 expenses = $752 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,348
Total Expenses
$2,100
Mortgage P&I
111%
$1,490
Property Taxes
12%
$162
Home Insurance
7%
$98
HOA
0%
$0
Property Management
10%
$135
CapEx
5%
$67
Vacancy
6%
$81
Maintenance
5%
$67
Other
0%
$0