This property looks like a bad Long-Term investment with a projected -9.54% first-year return on $63,000 initial cash invested.
-9.54%
Cash On Cash
4.53%
Cap Rate
0.73
DSCR
$1,625
Rent
-$501
Cashflow
Cash Flow
$1,625 income − $2,126 expenses = $501 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,625
Total Expenses
$2,126
Mortgage P&I
96%
$1,552
Property Taxes
3%
$47
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$98
Maintenance
5%
$81
Other
0%
$0