This property looks like a bad Long-Term investment with a projected -1.24% first-year return on $63,084 initial cash invested.
-1.24%
Cash On Cash
6.66%
Cap Rate
1.05
DSCR
$2,734
Rent
-$65
Cashflow
Cash Flow
$2,734 income − $2,799 expenses = $65 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,084
Downpayment
20%
$60,080
Closing costs
1%
$3,004
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,734
Total Expenses
$2,799
Mortgage P&I
58%
$1,595
Property Taxes
14%
$391
Home Insurance
4%
$102
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0