This property looks like a bad Long-Term investment with a projected -13.13% first-year return on $62,979 initial cash invested.
-13.13%
Cash On Cash
3.91%
Cap Rate
0.61
DSCR
$1,483
Rent
-$689
Cashflow
Cash Flow
$1,483 income − $2,172 expenses = $689 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
$1,483
Total Expenses
$2,172
Mortgage P&I
107%
$1,591
Property Taxes
6%
$91
Home Insurance
7%
$105
HOA
0%
$0
Property Management
10%
$148
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0