This property looks like a bad Long-Term investment with a projected -9.37% first-year return on $62,979 initial cash invested.
-9.37%
Cash On Cash
4.88%
Cap Rate
0.76
DSCR
$2,030
Rent
-$492
Cashflow
Cash Flow
$2,030 income − $2,522 expenses = $492 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,030
Total Expenses
$2,522
Mortgage P&I
79%
$1,609
Property Taxes
14%
$279
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0