This property looks like a bad Long-Term investment with a projected -10% first-year return on $62,979 initial cash invested.
-10%
Cash On Cash
4.31%
Cap Rate
0.71
DSCR
$1,757
Rent
-$525
Cashflow
Cash Flow
$1,757 income − $2,282 expenses = $525 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,757
Total Expenses
$2,282
Mortgage P&I
86%
$1,514
Property Taxes
12%
$206
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0