This property looks like a bad Long-Term investment with a projected -11.31% first-year return on $58,695 initial cash invested.
-11.31%
Cash On Cash
4.19%
Cap Rate
0.67
DSCR
$1,592
Rent
-$553
Cashflow
Cash Flow
$1,592 income − $2,145 expenses = $553 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,592
Total Expenses
$2,145
Mortgage P&I
91%
$1,450
Property Taxes
11%
$182
Home Insurance
6%
$98
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0