This property looks like a bad Long-Term investment with a projected -13.49% first-year return on $62,979 initial cash invested.
-13.49%
Cash On Cash
3.62%
Cap Rate
0.59
DSCR
$1,628
Rent
-$708
Cashflow
Cash Flow
$1,628 income − $2,336 expenses = $708 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
$1,628
Total Expenses
$2,336
Mortgage P&I
94%
$1,532
Property Taxes
12%
$197
Home Insurance
6%
$105
HOA
5%
$79
Property Management
10%
$163
CapEx
5%
$81
Vacancy
6%
$98
Maintenance
5%
$81
Other
0%
$0