This property looks like a bad Long-Term investment with a projected -16.62% first-year return on $62,979 initial cash invested.
-16.62%
Cash On Cash
2.95%
Cap Rate
0.48
DSCR
$1,194
Rent
-$872
Cashflow
Cash Flow
$1,194 income − $2,066 expenses = $872 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
$1,194
Total Expenses
$2,066
Mortgage P&I
130%
$1,549
Property Taxes
8%
$101
Home Insurance
9%
$105
HOA
0%
$0
Property Management
10%
$119
CapEx
5%
$60
Vacancy
6%
$72
Maintenance
5%
$60
Other
0%
$0