This property looks like a bad Long-Term investment with a projected -3.09% first-year return on $62,916 initial cash invested.
-3.09%
Cash On Cash
6.5%
Cap Rate
0.98
DSCR
$2,440
Rent
-$162
Cashflow
Cash Flow
$2,440 income − $2,602 expenses = $162 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,440
Total Expenses
$2,602
Mortgage P&I
68%
$1,663
Property Taxes
9%
$214
Home Insurance
4%
$91
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0