This property looks like a bad Long-Term investment with a projected -14.29% first-year return on $63,000 initial cash invested.
-14.29%
Cash On Cash
3.97%
Cap Rate
0.6
DSCR
$2,010
Rent
-$750
Cashflow
Cash Flow
$2,010 income − $2,760 expenses = $750 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,010
Total Expenses
$2,760
Mortgage P&I
82%
$1,643
Property Taxes
24%
$490
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$121
Maintenance
5%
$100
Other
0%
$0