This property looks like a bad Long-Term investment with a projected -12.5% first-year return on $62,979 initial cash invested.
-12.5%
Cash On Cash
4.2%
Cap Rate
0.66
DSCR
$2,230
Rent
-$656
Cashflow
Cash Flow
$2,230 income − $2,886 expenses = $656 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,230
Total Expenses
$2,886
Mortgage P&I
71%
$1,594
Property Taxes
27%
$606
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0