This property looks like a bad Long-Term investment with a projected -18.57% first-year return on $63,000 initial cash invested.
-18.57%
Cash On Cash
2.96%
Cap Rate
0.45
DSCR
$1,217
Rent
-$975
Cashflow
Cash Flow
$1,217 income − $2,192 expenses = $975 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,217
Total Expenses
$2,192
Mortgage P&I
136%
$1,653
Property Taxes
10%
$117
Home Insurance
9%
$105
HOA
0%
$0
Property Management
10%
$122
CapEx
5%
$61
Vacancy
6%
$73
Maintenance
5%
$61
Other
0%
$0