This property looks like a bad Long-Term investment with a projected -11.13% first-year return on $62,979 initial cash invested.
-11.13%
Cash On Cash
4.55%
Cap Rate
0.7
DSCR
$1,967
Rent
-$584
Cashflow
Cash Flow
$1,967 income − $2,551 expenses = $584 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,967
Total Expenses
$2,551
Mortgage P&I
83%
$1,623
Property Taxes
16%
$312
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0