This property looks like a bad Long-Term investment with a projected -17.89% first-year return on $63,000 initial cash invested.
-17.89%
Cash On Cash
2.66%
Cap Rate
0.43
DSCR
$1,013
Rent
-$939
Cashflow
Cash Flow
$1,013 income − $1,952 expenses = $939 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,013
Total Expenses
$1,952
Mortgage P&I
153%
$1,553
Property Taxes
3%
$30
Home Insurance
10%
$105
HOA
0%
$0
Property Management
10%
$101
CapEx
5%
$51
Vacancy
6%
$61
Maintenance
5%
$51
Other
0%
$0