This property looks like a bad Long-Term investment with a projected -7.79% first-year return on $62,979 initial cash invested.
-7.79%
Cash On Cash
5.29%
Cap Rate
0.81
DSCR
$2,060
Rent
-$409
Cashflow
Cash Flow
$2,060 income − $2,469 expenses = $409 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,060
Total Expenses
$2,469
Mortgage P&I
79%
$1,628
Property Taxes
10%
$200
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0