This property looks like a bad Long-Term investment with a projected -5.14% first-year return on $62,979 initial cash invested.
-5.14%
Cash On Cash
5.96%
Cap Rate
0.9
DSCR
$2,129
Rent
-$270
Cashflow
Cash Flow
$2,129 income − $2,399 expenses = $270 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
$2,129
Total Expenses
$2,399
Mortgage P&I
78%
$1,654
Property Taxes
4%
$87
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0