This property looks like a bad Long-Term investment with a projected -11.55% first-year return on $62,979 initial cash invested.
-11.55%
Cash On Cash
4.17%
Cap Rate
0.66
DSCR
$1,544
Rent
-$606
Cashflow
Cash Flow
$1,544 income − $2,150 expenses = $606 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,544
Total Expenses
$2,150
Mortgage P&I
102%
$1,572
Property Taxes
5%
$72
Home Insurance
7%
$105
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$93
Maintenance
5%
$77
Other
0%
$0