This property looks like a bad Long-Term investment with a projected -10.42% first-year return on $63,000 initial cash invested.
-10.42%
Cash On Cash
4.99%
Cap Rate
0.74
DSCR
$1,964
Rent
-$547
Cashflow
Cash Flow
$1,964 income − $2,511 expenses = $547 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,964
Total Expenses
$2,511
Mortgage P&I
86%
$1,697
Property Taxes
10%
$199
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0