This property looks like a bad Long-Term investment with a projected -13.73% first-year return on $63,000 initial cash invested.
-13.73%
Cash On Cash
4.05%
Cap Rate
0.62
DSCR
$1,873
Rent
-$721
Cashflow
Cash Flow
$1,873 income − $2,594 expenses = $721 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,873
Total Expenses
$2,594
Mortgage P&I
88%
$1,639
Property Taxes
19%
$363
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0