This property looks like a bad Long-Term investment with a projected -12.54% first-year return on $62,979 initial cash invested.
-12.54%
Cash On Cash
3.85%
Cap Rate
0.62
DSCR
$1,534
Rent
-$658
Cashflow
Cash Flow
$1,534 income − $2,192 expenses = $658 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,534
Total Expenses
$2,192
Mortgage P&I
101%
$1,544
Property Taxes
9%
$144
Home Insurance
7%
$105
HOA
0%
$0
Property Management
10%
$153
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0