This property looks like a bad Long-Term investment with a projected -10.7% first-year return on $63,000 initial cash invested.
-10.7%
Cash On Cash
4.53%
Cap Rate
0.71
DSCR
$1,943
Rent
-$562
Cashflow
Cash Flow
$1,943 income − $2,505 expenses = $562 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,943
Total Expenses
$2,505
Mortgage P&I
82%
$1,597
Property Taxes
15%
$298
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0