This property looks like a bad Long-Term investment with a projected -10.7% first-year return on $58,863 initial cash invested.
-10.7%
Cash On Cash
4.86%
Cap Rate
0.72
DSCR
$1,885
Rent
-$525
Cashflow
Cash Flow
$1,885 income − $2,410 expenses = $525 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,863
Downpayment
20%
$56,060
Closing costs
1%
$2,803
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,885
Total Expenses
$2,410
Mortgage P&I
83%
$1,567
Property Taxes
13%
$254
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0