This property looks like a bad Long-Term investment with a projected -19.51% first-year return on $62,979 initial cash invested.
-19.51%
Cash On Cash
2.6%
Cap Rate
0.41
DSCR
$1,425
Rent
-$1,024
Cashflow
Cash Flow
$1,425 income − $2,449 expenses = $1,024 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
$1,425
Total Expenses
$2,449
Mortgage P&I
112%
$1,603
Property Taxes
26%
$371
Home Insurance
7%
$105
HOA
0%
$0
Property Management
10%
$142
CapEx
5%
$71
Vacancy
6%
$86
Maintenance
5%
$71
Other
0%
$0