This property looks like a bad Long-Term investment with a projected -8.78% first-year return on $63,000 initial cash invested.
-8.78%
Cash On Cash
4.77%
Cap Rate
0.78
DSCR
$2,418
Rent
-$461
Cashflow
Cash Flow
$2,418 income − $2,879 expenses = $461 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,418
Total Expenses
$2,879
Mortgage P&I
63%
$1,533
Property Taxes
25%
$612
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0