This property looks like a bad Long-Term investment with a projected -1.89% first-year return on $63,000 initial cash invested.
-1.89%
Cash On Cash
6.9%
Cap Rate
1.03
DSCR
$3,132
Rent
-$99
Cashflow
Cash Flow
$3,132 income − $3,231 expenses = $99 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,132
Total Expenses
$3,231
Mortgage P&I
53%
$1,667
Property Taxes
21%
$644
Home Insurance
3%
$105
HOA
0%
$0
Property Management
10%
$313
CapEx
5%
$157
Vacancy
6%
$188
Maintenance
5%
$157
Other
0%
$0