This property looks like a bad Long-Term investment with a projected -11.26% first-year return on $58,842 initial cash invested.
-11.26%
Cash On Cash
4.58%
Cap Rate
0.7
DSCR
$1,665
Rent
-$552
Cashflow
Cash Flow
$1,665 income − $2,217 expenses = $552 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,842
Downpayment
20%
$56,040
Closing costs
1%
$2,802
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,665
Total Expenses
$2,217
Mortgage P&I
92%
$1,539
Property Taxes
9%
$146
Home Insurance
6%
$100
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0