This property looks like a bad Long-Term investment with a projected -7.28% first-year return on $63,000 initial cash invested.
-7.28%
Cash On Cash
5.36%
Cap Rate
0.83
DSCR
$2,091
Rent
-$382
Cashflow
Cash Flow
$2,091 income − $2,473 expenses = $382 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,091
Total Expenses
$2,473
Mortgage P&I
77%
$1,617
Property Taxes
9%
$198
Home Insurance
5%
$114
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$105
Vacancy
6%
$125
Maintenance
5%
$105
Other
0%
$0