This property looks like a bad Long-Term investment with a projected -10.88% first-year return on $63,000 initial cash invested.
-10.88%
Cash On Cash
4.82%
Cap Rate
0.72
DSCR
$2,074
Rent
-$571
Cashflow
Cash Flow
$2,074 income − $2,645 expenses = $571 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,074
Total Expenses
$2,645
Mortgage P&I
81%
$1,673
Property Taxes
16%
$328
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0