This property looks like a bad Long-Term investment with a projected -4.48% first-year return on $62,979 initial cash invested.
-4.48%
Cash On Cash
6.09%
Cap Rate
0.92
DSCR
$2,153
Rent
-$235
Cashflow
Cash Flow
$2,153 income − $2,388 expenses = $235 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
$2,153
Total Expenses
$2,388
Mortgage P&I
77%
$1,648
Property Taxes
3%
$75
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0