This property looks like a bad Long-Term investment with a projected -8.59% first-year return on $62,979 initial cash invested.
-8.59%
Cash On Cash
5.09%
Cap Rate
0.78
DSCR
$1,805
Rent
-$451
Cashflow
Cash Flow
$1,805 income − $2,256 expenses = $451 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,805
Total Expenses
$2,256
Mortgage P&I
90%
$1,633
Property Taxes
3%
$50
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0