This property looks like a bad Long-Term investment with a projected -8.96% first-year return on $58,800 initial cash invested.
-8.96%
Cash On Cash
5%
Cap Rate
0.77
DSCR
$1,746
Rent
-$439
Cashflow
Cash Flow
$1,746 income − $2,185 expenses = $439 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,746
Total Expenses
$2,185
Mortgage P&I
87%
$1,518
Property Taxes
7%
$115
Home Insurance
6%
$98
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$87
Vacancy
6%
$105
Maintenance
5%
$87
Other
0%
$0