This property looks like a bad Long-Term investment with a projected -17.08% first-year return on $62,895 initial cash invested.
-17.08%
Cash On Cash
3.21%
Cap Rate
0.49
DSCR
$1,307
Rent
-$895
Cashflow
Cash Flow
$1,307 income − $2,202 expenses = $895 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,895
Downpayment
20%
$59,900
Closing costs
1%
$2,995
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,307
Total Expenses
$2,202
Mortgage P&I
125%
$1,630
Property Taxes
10%
$128
Home Insurance
8%
$105
HOA
0%
$0
Property Management
10%
$131
CapEx
5%
$65
Vacancy
6%
$78
Maintenance
5%
$65
Other
0%
$0