This property looks like a bad Long-Term investment with a projected -11.59% first-year return on $62,953 initial cash invested.
-11.59%
Cash On Cash
4.13%
Cap Rate
0.67
DSCR
$1,882
Rent
-$608
Cashflow
Cash Flow
$1,882 income − $2,490 expenses = $608 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,953
Downpayment
20%
$59,955
Closing costs
1%
$2,998
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,882
Total Expenses
$2,490
Mortgage P&I
82%
$1,545
Property Taxes
19%
$351
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0