This property looks like a bad Long-Term investment with a projected -13.7% first-year return on $63,000 initial cash invested.
-13.7%
Cash On Cash
3.98%
Cap Rate
0.61
DSCR
$1,688
Rent
-$719
Cashflow
Cash Flow
$1,688 income − $2,407 expenses = $719 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
$1,688
Total Expenses
$2,407
Mortgage P&I
97%
$1,629
Property Taxes
13%
$214
Home Insurance
6%
$105
HOA
1%
$21
Property Management
10%
$169
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0