This property looks like a bad Long-Term investment with a projected -15.11% first-year return on $62,979 initial cash invested.
-15.11%
Cash On Cash
3.32%
Cap Rate
0.54
DSCR
$1,723
Rent
-$793
Cashflow
Cash Flow
$1,723 income − $2,516 expenses = $793 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,979
Downpayment
20%
$59,980
Closing costs
1%
$2,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,723
Total Expenses
$2,516
Mortgage P&I
89%
$1,536
Property Taxes
25%
$428
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0