This property looks like a bad Long-Term investment with a projected -7.64% first-year return on $62,979 initial cash invested.
-7.64%
Cash On Cash
5.42%
Cap Rate
0.83
DSCR
$2,290
Rent
-$401
Cashflow
Cash Flow
$2,290 income − $2,691 expenses = $401 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,290
Total Expenses
$2,691
Mortgage P&I
72%
$1,641
Property Taxes
15%
$351
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0