This property looks like a bad Long-Term investment with a projected -8.71% first-year return on $63,084 initial cash invested.
-8.71%
Cash On Cash
4.98%
Cap Rate
0.78
DSCR
$2,014
Rent
-$458
Cashflow
Cash Flow
$2,014 income − $2,472 expenses = $458 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,084
Downpayment
20%
$60,080
Closing costs
1%
$3,004
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,014
Total Expenses
$2,472
Mortgage P&I
80%
$1,604
Property Taxes
11%
$230
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0