This property looks like a bad Long-Term investment with a projected -2.04% first-year return on $63,000 initial cash invested.
-2.04%
Cash On Cash
6.84%
Cap Rate
1.01
DSCR
$2,602
Rent
-$107
Cashflow
Cash Flow
$2,602 income − $2,709 expenses = $107 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,000
Downpayment
20%
$60,000
Closing costs
1%
$3,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,602
Total Expenses
$2,709
Mortgage P&I
65%
$1,688
Property Taxes
9%
$240
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0