This property looks like a bad Long-Term investment with a projected -14.04% first-year return on $62,916 initial cash invested.
-14.04%
Cash On Cash
3.99%
Cap Rate
0.61
DSCR
$2,060
Rent
-$736
Cashflow
Cash Flow
$2,060 income − $2,796 expenses = $736 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,916
Downpayment
20%
$59,920
Closing costs
1%
$2,996
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,060
Total Expenses
$2,796
Mortgage P&I
79%
$1,629
Property Taxes
25%
$509
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0