This property looks like a bad Long-Term investment with a projected -7.79% first-year return on $63,000 initial cash invested.
-7.79%
Cash On Cash
5.25%
Cap Rate
0.83
DSCR
$2,629
Rent
-$409
Cashflow
Cash Flow
$2,629 income − $3,038 expenses = $409 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,629
Total Expenses
$3,038
Mortgage P&I
61%
$1,591
Property Taxes
25%
$659
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$131
Vacancy
6%
$158
Maintenance
5%
$131
Other
0%
$0