This property looks like a bad Long-Term investment with a projected -6.38% first-year return on $62,979 initial cash invested.
-6.38%
Cash On Cash
5.73%
Cap Rate
0.87
DSCR
$2,269
Rent
-$335
Cashflow
Cash Flow
$2,269 income − $2,604 expenses = $335 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,269
Total Expenses
$2,604
Mortgage P&I
73%
$1,655
Property Taxes
11%
$255
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0