This property looks like a bad Long-Term investment with a projected -8.17% first-year return on $58,779 initial cash invested.
-8.17%
Cash On Cash
5.34%
Cap Rate
0.81
DSCR
$2,015
Rent
-$400
Cashflow
Cash Flow
$2,015 income − $2,415 expenses = $400 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,015
Total Expenses
$2,415
Mortgage P&I
77%
$1,545
Property Taxes
12%
$247
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0