This property looks like a bad Long-Term investment with a projected -9.9% first-year return on $63,000 initial cash invested.
-9.9%
Cash On Cash
4.89%
Cap Rate
0.74
DSCR
$1,977
Rent
-$520
Cashflow
Cash Flow
$1,977 income − $2,497 expenses = $520 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,977
Total Expenses
$2,497
Mortgage P&I
83%
$1,643
Property Taxes
11%
$221
Home Insurance
5%
$105
HOA
1%
$13
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0