This property looks like a bad Long-Term investment with a projected -5.67% first-year return on $58,800 initial cash invested.
-5.67%
Cash On Cash
5.87%
Cap Rate
0.89
DSCR
$2,067
Rent
-$278
Cashflow
Cash Flow
$2,067 income − $2,345 expenses = $278 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,067
Total Expenses
$2,345
Mortgage P&I
75%
$1,544
Property Taxes
8%
$166
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0