This property looks like a bad Long-Term investment with a projected -7.96% first-year return on $62,979 initial cash invested.
-7.96%
Cash On Cash
5.1%
Cap Rate
0.8
DSCR
$2,018
Rent
-$418
Cashflow
Cash Flow
$2,018 income − $2,436 expenses = $418 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,018
Total Expenses
$2,436
Mortgage P&I
79%
$1,592
Property Taxes
11%
$214
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0