This property looks like a bad Long-Term investment with a projected -5.62% first-year return on $62,979 initial cash invested.
-5.62%
Cash On Cash
5.89%
Cap Rate
0.9
DSCR
$2,546
Rent
-$295
Cashflow
Cash Flow
$2,546 income − $2,841 expenses = $295 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,546
Total Expenses
$2,841
Mortgage P&I
64%
$1,641
Property Taxes
17%
$433
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$255
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0