This property looks like a bad Long-Term investment with a projected -15.33% first-year return on $63,000 initial cash invested.
-15.33%
Cash On Cash
3.66%
Cap Rate
0.55
DSCR
$1,401
Rent
-$805
Cashflow
Cash Flow
$1,401 income − $2,206 expenses = $805 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,401
Total Expenses
$2,206
Mortgage P&I
118%
$1,651
Property Taxes
6%
$86
Home Insurance
7%
$105
HOA
0%
$0
Property Management
10%
$140
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0