This property looks like a bad Long-Term investment with a projected -9.93% first-year return on $62,979 initial cash invested.
-9.93%
Cash On Cash
4.8%
Cap Rate
0.74
DSCR
$1,933
Rent
-$521
Cashflow
Cash Flow
$1,933 income − $2,454 expenses = $521 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,933
Total Expenses
$2,454
Mortgage P&I
84%
$1,623
Property Taxes
12%
$223
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0