This property looks like a bad Long-Term investment with a projected -11.45% first-year return on $58,695 initial cash invested.
-11.45%
Cash On Cash
4.6%
Cap Rate
0.7
DSCR
$2,089
Rent
-$560
Cashflow
Cash Flow
$2,089 income − $2,649 expenses = $560 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,695
Downpayment
20%
$55,900
Closing costs
1%
$2,795
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,089
Total Expenses
$2,649
Mortgage P&I
73%
$1,527
Property Taxes
23%
$486
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0