This property looks like a bad Long-Term investment with a projected -5.43% first-year return on $62,998 initial cash invested.
-5.43%
Cash On Cash
6.11%
Cap Rate
0.92
DSCR
$2,930
Rent
-$285
Cashflow
Cash Flow
$2,930 income − $3,215 expenses = $285 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,998
Downpayment
20%
$59,998
Closing costs
1%
$3,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,930
Total Expenses
$3,215
Mortgage P&I
57%
$1,666
Property Taxes
23%
$683
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$293
CapEx
5%
$146
Vacancy
6%
$176
Maintenance
5%
$146
Other
0%
$0