This property looks like a bad Long-Term investment with a projected -11.45% first-year return on $63,000 initial cash invested.
-11.45%
Cash On Cash
4.32%
Cap Rate
0.68
DSCR
$1,683
Rent
-$601
Cashflow
Cash Flow
$1,683 income − $2,284 expenses = $601 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,683
Total Expenses
$2,284
Mortgage P&I
95%
$1,597
Property Taxes
9%
$145
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0