This property looks like a bad Long-Term investment with a projected -9.55% first-year return on $62,979 initial cash invested.
-9.55%
Cash On Cash
4.75%
Cap Rate
0.74
DSCR
$1,858
Rent
-$501
Cashflow
Cash Flow
$1,858 income − $2,359 expenses = $501 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
$1,858
Total Expenses
$2,359
Mortgage P&I
86%
$1,594
Property Taxes
10%
$177
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0