This property looks like a bad Long-Term investment with a projected -6.4% first-year return on $62,979 initial cash invested.
-6.4%
Cash On Cash
5.23%
Cap Rate
0.85
DSCR
$2,203
Rent
-$336
Cashflow
Cash Flow
$2,203 income − $2,539 expenses = $336 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,203
Total Expenses
$2,539
Mortgage P&I
70%
$1,534
Property Taxes
15%
$328
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0