This property looks like a bad Long-Term investment with a projected -15.73% first-year return on $63,000 initial cash invested.
-15.73%
Cash On Cash
3.78%
Cap Rate
0.57
DSCR
$1,979
Rent
-$826
Cashflow
Cash Flow
$1,979 income − $2,805 expenses = $826 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,000
Downpayment
20%
$60,000
Closing costs
1%
$3,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,979
Total Expenses
$2,805
Mortgage P&I
85%
$1,673
Property Taxes
26%
$512
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0