This property looks like a bad Long-Term investment with a projected -19.55% first-year return on $62,979 initial cash invested.
-19.55%
Cash On Cash
2.81%
Cap Rate
0.42
DSCR
$1,431
Rent
-$1,026
Cashflow
Cash Flow
$1,431 income − $2,457 expenses = $1,026 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,431
Total Expenses
$2,457
Mortgage P&I
116%
$1,657
Property Taxes
23%
$322
Home Insurance
7%
$105
HOA
0%
$0
Property Management
10%
$143
CapEx
5%
$72
Vacancy
6%
$86
Maintenance
5%
$72
Other
0%
$0