This property looks like a bad Long-Term investment with a projected -9.68% first-year return on $62,979 initial cash invested.
-9.68%
Cash On Cash
4.89%
Cap Rate
0.75
DSCR
$1,990
Rent
-$508
Cashflow
Cash Flow
$1,990 income − $2,498 expenses = $508 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
$1,990
Total Expenses
$2,498
Mortgage P&I
82%
$1,630
Property Taxes
12%
$245
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$119
Maintenance
5%
$100
Other
0%
$0