This property looks like a bad Long-Term investment with a projected -12.12% first-year return on $62,979 initial cash invested.
-12.12%
Cash On Cash
4.39%
Cap Rate
0.67
DSCR
$1,835
Rent
-$636
Cashflow
Cash Flow
$1,835 income − $2,471 expenses = $636 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,835
Total Expenses
$2,471
Mortgage P&I
89%
$1,642
Property Taxes
13%
$246
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0