This property looks like a bad Long-Term investment with a projected -7.31% first-year return on $63,000 initial cash invested.
-7.31%
Cash On Cash
5.09%
Cap Rate
0.81
DSCR
$1,838
Rent
-$384
Cashflow
Cash Flow
$1,838 income − $2,222 expenses = $384 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,838
Total Expenses
$2,222
Mortgage P&I
85%
$1,564
Property Taxes
4%
$75
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0