This property looks like a bad Long-Term investment with a projected -3.45% first-year return on $62,937 initial cash invested.
-3.45%
Cash On Cash
6.43%
Cap Rate
0.97
DSCR
$2,566
Rent
-$181
Cashflow
Cash Flow
$2,566 income − $2,747 expenses = $181 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,566
Total Expenses
$2,747
Mortgage P&I
65%
$1,660
Property Taxes
13%
$331
Home Insurance
3%
$89
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0