This property looks like a bad Long-Term investment with a projected -9.39% first-year return on $63,000 initial cash invested.
-9.39%
Cash On Cash
5.1%
Cap Rate
0.76
DSCR
$1,824
Rent
-$493
Cashflow
Cash Flow
$1,824 income − $2,317 expenses = $493 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,824
Total Expenses
$2,317
Mortgage P&I
92%
$1,677
Property Taxes
3%
$62
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0