This property looks like a bad Long-Term investment with a projected -10.86% first-year return on $58,800 initial cash invested.
-10.86%
Cash On Cash
4.86%
Cap Rate
0.73
DSCR
$2,065
Rent
-$532
Cashflow
Cash Flow
$2,065 income − $2,597 expenses = $532 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,065
Total Expenses
$2,597
Mortgage P&I
76%
$1,562
Property Taxes
18%
$371
Home Insurance
5%
$98
HOA
1%
$30
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0