This property looks like a bad Long-Term investment with a projected -16.81% first-year return on $62,979 initial cash invested.
-16.81%
Cash On Cash
2.88%
Cap Rate
0.47
DSCR
$1,306
Rent
-$882
Cashflow
Cash Flow
$1,306 income − $2,188 expenses = $882 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,306
Total Expenses
$2,188
Mortgage P&I
118%
$1,538
Property Taxes
16%
$206
Home Insurance
8%
$105
HOA
0%
$0
Property Management
10%
$131
CapEx
5%
$65
Vacancy
6%
$78
Maintenance
5%
$65
Other
0%
$0