This property looks like a bad Long-Term investment with a projected -8.45% first-year return on $58,800 initial cash invested.
-8.45%
Cash On Cash
5.23%
Cap Rate
0.79
DSCR
$1,914
Rent
-$414
Cashflow
Cash Flow
$1,914 income − $2,328 expenses = $414 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,914
Total Expenses
$2,328
Mortgage P&I
80%
$1,538
Property Taxes
10%
$194
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0