This property looks like a bad Long-Term investment with a projected -10.23% first-year return on $62,979 initial cash invested.
-10.23%
Cash On Cash
4.36%
Cap Rate
0.71
DSCR
$1,661
Rent
-$537
Cashflow
Cash Flow
$1,661 income − $2,198 expenses = $537 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,661
Total Expenses
$2,198
Mortgage P&I
93%
$1,544
Property Taxes
7%
$117
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0