This property looks like a bad Long-Term investment with a projected -7.6% first-year return on $58,863 initial cash invested.
-7.6%
Cash On Cash
5.51%
Cap Rate
0.82
DSCR
$1,870
Rent
-$373
Cashflow
Cash Flow
$1,870 income − $2,243 expenses = $373 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,863
Downpayment
20%
$56,060
Closing costs
1%
$2,803
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,870
Total Expenses
$2,243
Mortgage P&I
84%
$1,567
Property Taxes
5%
$92
Home Insurance
5%
$94
HOA
0%
$3
Property Management
10%
$187
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0