This property looks like a bad Long-Term investment with a projected -14.82% first-year return on $62,979 initial cash invested.
-14.82%
Cash On Cash
3.81%
Cap Rate
0.58
DSCR
$1,769
Rent
-$778
Cashflow
Cash Flow
$1,769 income − $2,547 expenses = $778 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,769
Total Expenses
$2,547
Mortgage P&I
93%
$1,643
Property Taxes
19%
$340
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0