This property looks like a bad Long-Term investment with a projected -7.05% first-year return on $62,979 initial cash invested.
-7.05%
Cash On Cash
5.29%
Cap Rate
0.83
DSCR
$2,071
Rent
-$370
Cashflow
Cash Flow
$2,071 income − $2,441 expenses = $370 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,071
Total Expenses
$2,441
Mortgage P&I
77%
$1,589
Property Taxes
10%
$208
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0