This property looks like a bad Long-Term investment with a projected -12.59% first-year return on $63,000 initial cash invested.
-12.59%
Cash On Cash
3.87%
Cap Rate
0.63
DSCR
$1,946
Rent
-$661
Cashflow
Cash Flow
$1,946 income − $2,607 expenses = $661 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,000
Downpayment
20%
$60,000
Closing costs
1%
$3,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,946
Total Expenses
$2,607
Mortgage P&I
79%
$1,531
Property Taxes
24%
$465
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0