This property looks like a bad Long-Term investment with a projected -2.19% first-year return on $62,979 initial cash invested.
-2.19%
Cash On Cash
6.75%
Cap Rate
1.01
DSCR
$2,700
Rent
-$115
Cashflow
Cash Flow
$2,700 income − $2,815 expenses = $115 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,700
Total Expenses
$2,815
Mortgage P&I
62%
$1,666
Property Taxes
13%
$342
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0