This property looks like a bad Long-Term investment with a projected -7.76% first-year return on $62,937 initial cash invested.
-7.76%
Cash On Cash
5.33%
Cap Rate
0.81
DSCR
$2,017
Rent
-$407
Cashflow
Cash Flow
$2,017 income − $2,424 expenses = $407 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,937
Downpayment
20%
$59,940
Closing costs
1%
$2,997
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,017
Total Expenses
$2,424
Mortgage P&I
81%
$1,636
Property Taxes
8%
$158
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0