This property looks like a bad Long-Term investment with a projected -8.32% first-year return on $63,000 initial cash invested.
-8.32%
Cash On Cash
4.73%
Cap Rate
0.77
DSCR
$1,731
Rent
-$437
Cashflow
Cash Flow
$1,731 income − $2,168 expenses = $437 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,731
Total Expenses
$2,168
Mortgage P&I
89%
$1,533
Property Taxes
5%
$79
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$173
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0