This property looks like a bad Long-Term investment with a projected -18.86% first-year return on $63,000 initial cash invested.
-18.86%
Cash On Cash
2.43%
Cap Rate
0.4
DSCR
$1,361
Rent
-$990
Cashflow
Cash Flow
$1,361 income − $2,351 expenses = $990 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,361
Total Expenses
$2,351
Mortgage P&I
112%
$1,529
Property Taxes
27%
$363
Home Insurance
8%
$105
HOA
0%
$0
Property Management
10%
$136
CapEx
5%
$68
Vacancy
6%
$82
Maintenance
5%
$68
Other
0%
$0