This property looks like a bad Long-Term investment with a projected -14.02% first-year return on $62,979 initial cash invested.
-14.02%
Cash On Cash
3.92%
Cap Rate
0.6
DSCR
$1,681
Rent
-$736
Cashflow
Cash Flow
$1,681 income − $2,417 expenses = $736 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
$1,681
Total Expenses
$2,417
Mortgage P&I
97%
$1,632
Property Taxes
14%
$243
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0