This property looks like a bad Long-Term investment with a projected -11.43% first-year return on $62,979 initial cash invested.
-11.43%
Cash On Cash
4.39%
Cap Rate
0.69
DSCR
$1,999
Rent
-$600
Cashflow
Cash Flow
$1,999 income − $2,599 expenses = $600 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,999
Total Expenses
$2,599
Mortgage P&I
80%
$1,596
Property Taxes
19%
$378
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0