This property looks like a bad Long-Term investment with a projected -10.46% first-year return on $62,979 initial cash invested.
-10.46%
Cash On Cash
4.75%
Cap Rate
0.73
DSCR
$2,065
Rent
-$549
Cashflow
Cash Flow
$2,065 income − $2,614 expenses = $549 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
$2,065
Total Expenses
$2,614
Mortgage P&I
79%
$1,632
Property Taxes
17%
$341
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0