This property looks like a bad Long-Term investment with a projected -14.82% first-year return on $58,779 initial cash invested.
-14.82%
Cash On Cash
3.76%
Cap Rate
0.58
DSCR
$1,632
Rent
-$726
Cashflow
Cash Flow
$1,632 income − $2,358 expenses = $726 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,779
Downpayment
20%
$55,980
Closing costs
1%
$2,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,632
Total Expenses
$2,358
Mortgage P&I
93%
$1,521
Property Taxes
19%
$314
Home Insurance
6%
$98
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0