This property looks like a bad Long-Term investment with a projected -17.82% first-year return on $62,979 initial cash invested.
-17.82%
Cash On Cash
2.6%
Cap Rate
0.43
DSCR
$1,298
Rent
-$935
Cashflow
Cash Flow
$1,298 income − $2,233 expenses = $935 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,298
Total Expenses
$2,233
Mortgage P&I
117%
$1,519
Property Taxes
21%
$271
Home Insurance
8%
$105
HOA
0%
$0
Property Management
10%
$130
CapEx
5%
$65
Vacancy
6%
$78
Maintenance
5%
$65
Other
0%
$0