This property looks like a bad Long-Term investment with a projected -10.37% first-year return on $58,800 initial cash invested.
-10.37%
Cash On Cash
4.76%
Cap Rate
0.73
DSCR
$1,877
Rent
-$508
Cashflow
Cash Flow
$1,877 income − $2,385 expenses = $508 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,877
Total Expenses
$2,385
Mortgage P&I
81%
$1,524
Property Taxes
9%
$171
Home Insurance
5%
$101
HOA
5%
$100
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0