This property looks like a bad Long-Term investment with a projected -15.46% first-year return on $58,821 initial cash invested.
-15.46%
Cash On Cash
3.17%
Cap Rate
0.52
DSCR
$1,354
Rent
-$758
Cashflow
Cash Flow
$1,354 income − $2,112 expenses = $758 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,821
Downpayment
20%
$56,020
Closing costs
1%
$2,801
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,354
Total Expenses
$2,112
Mortgage P&I
106%
$1,430
Property Taxes
17%
$228
Home Insurance
8%
$102
HOA
0%
$0
Property Management
10%
$135
CapEx
5%
$68
Vacancy
6%
$81
Maintenance
5%
$68
Other
0%
$0