This property looks like a bad Long-Term investment with a projected -6.15% first-year return on $63,000 initial cash invested.
-6.15%
Cash On Cash
5.56%
Cap Rate
0.87
DSCR
$2,234
Rent
-$323
Cashflow
Cash Flow
$2,234 income − $2,557 expenses = $323 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,234
Total Expenses
$2,557
Mortgage P&I
72%
$1,600
Property Taxes
12%
$271
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0