This property looks like a bad Long-Term investment with a projected -8.29% first-year return on $63,000 initial cash invested.
-8.29%
Cash On Cash
5.23%
Cap Rate
0.8
DSCR
$2,360
Rent
-$435
Cashflow
Cash Flow
$2,360 income − $2,795 expenses = $435 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,360
Total Expenses
$2,795
Mortgage P&I
69%
$1,625
Property Taxes
13%
$300
Home Insurance
4%
$105
HOA
6%
$151
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0