This property looks like a bad Long-Term investment with a projected -14.16% first-year return on $62,979 initial cash invested.
-14.16%
Cash On Cash
3.98%
Cap Rate
0.6
DSCR
$1,617
Rent
-$743
Cashflow
Cash Flow
$1,617 income − $2,360 expenses = $743 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,617
Total Expenses
$2,360
Mortgage P&I
102%
$1,656
Property Taxes
10%
$159
Home Insurance
6%
$105
HOA
1%
$19
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0