This property looks like a bad Long-Term investment with a projected -8.27% first-year return on $62,998 initial cash invested.
-8.27%
Cash On Cash
5.29%
Cap Rate
0.81
DSCR
$2,497
Rent
-$434
Cashflow
Cash Flow
$2,497 income − $2,931 expenses = $434 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,998
Downpayment
20%
$59,998
Closing costs
1%
$3,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,497
Total Expenses
$2,931
Mortgage P&I
65%
$1,631
Property Taxes
19%
$478
Home Insurance
4%
$105
HOA
3%
$67
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0