This property looks like a bad Long-Term investment with a projected -10.38% first-year return on $62,979 initial cash invested.
-10.38%
Cash On Cash
4.81%
Cap Rate
0.73
DSCR
$2,084
Rent
-$545
Cashflow
Cash Flow
$2,084 income − $2,629 expenses = $545 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,084
Total Expenses
$2,629
Mortgage P&I
79%
$1,643
Property Taxes
16%
$340
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0