This property looks like a bad Long-Term investment with a projected -16.16% first-year return on $62,979 initial cash invested.
-16.16%
Cash On Cash
3.05%
Cap Rate
0.49
DSCR
$1,248
Rent
-$848
Cashflow
Cash Flow
$1,248 income − $2,096 expenses = $848 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,248
Total Expenses
$2,096
Mortgage P&I
124%
$1,549
Property Taxes
9%
$118
Home Insurance
8%
$105
HOA
0%
$0
Property Management
10%
$125
CapEx
5%
$62
Vacancy
6%
$75
Maintenance
5%
$62
Other
0%
$0