This property looks like a bad Long-Term investment with a projected -12.8% first-year return on $62,979 initial cash invested.
-12.8%
Cash On Cash
4.27%
Cap Rate
0.65
DSCR
$1,913
Rent
-$672
Cashflow
Cash Flow
$1,913 income − $2,585 expenses = $672 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,913
Total Expenses
$2,585
Mortgage P&I
86%
$1,642
Property Taxes
18%
$340
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0