This property looks like a bad Long-Term investment with a projected -5.18% first-year return on $58,800 initial cash invested.
-5.18%
Cash On Cash
5.92%
Cap Rate
0.9
DSCR
$2,031
Rent
-$254
Cashflow
Cash Flow
$2,031 income − $2,285 expenses = $254 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
$2,031
Total Expenses
$2,285
Mortgage P&I
76%
$1,534
Property Taxes
5%
$102
Home Insurance
5%
$99
HOA
1%
$21
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0