This property looks like a bad Long-Term investment with a projected -19.82% first-year return on $58,800 initial cash invested.
-19.82%
Cash On Cash
2.61%
Cap Rate
0.41
DSCR
$1,696
Rent
-$971
Cashflow
Cash Flow
$1,696 income − $2,667 expenses = $971 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
$1,696
Total Expenses
$2,667
Mortgage P&I
88%
$1,494
Property Taxes
36%
$608
Home Insurance
6%
$98
HOA
1%
$25
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0