This property looks like a bad Long-Term investment with a projected -7.16% first-year return on $63,000 initial cash invested.
-7.16%
Cash On Cash
5.47%
Cap Rate
0.84
DSCR
$2,175
Rent
-$376
Cashflow
Cash Flow
$2,175 income − $2,551 expenses = $376 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,175
Total Expenses
$2,551
Mortgage P&I
75%
$1,634
Property Taxes
11%
$246
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$130
Maintenance
5%
$109
Other
0%
$0