This property looks like a bad Long-Term investment with a projected -12.29% first-year return on $62,979 initial cash invested.
-12.29%
Cash On Cash
4.39%
Cap Rate
0.66
DSCR
$1,813
Rent
-$645
Cashflow
Cash Flow
$1,813 income − $2,458 expenses = $645 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
$1,813
Total Expenses
$2,458
Mortgage P&I
91%
$1,652
Property Taxes
13%
$229
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0