This property looks like a bad Long-Term investment with a projected -7.7% first-year return on $63,000 initial cash invested.
-7.7%
Cash On Cash
5.74%
Cap Rate
0.83
DSCR
$2,212
Rent
-$404
Cashflow
Cash Flow
$2,212 income − $2,616 expenses = $404 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.8%
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
$2,212
Total Expenses
$2,616
Mortgage P&I
78%
$1,729
Property Taxes
9%
$199
Home Insurance
5%
$105
HOA
0%
$7
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0