This property looks like a bad Long-Term investment with a projected -12.63% first-year return on $62,895 initial cash invested.
-12.63%
Cash On Cash
4.32%
Cap Rate
0.65
DSCR
$1,714
Rent
-$662
Cashflow
Cash Flow
$1,714 income − $2,376 expenses = $662 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,895
Downpayment
20%
$59,900
Closing costs
1%
$2,995
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,714
Total Expenses
$2,376
Mortgage P&I
97%
$1,655
Property Taxes
10%
$170
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0