This property looks like a bad Long-Term investment with a projected -17.46% first-year return on $63,042 initial cash invested.
-17.46%
Cash On Cash
3.11%
Cap Rate
0.49
DSCR
$1,851
Rent
-$917
Cashflow
Cash Flow
$1,851 income − $2,768 expenses = $917 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,042
Downpayment
20%
$60,040
Closing costs
1%
$3,002
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,851
Total Expenses
$2,768
Mortgage P&I
87%
$1,602
Property Taxes
26%
$476
Home Insurance
6%
$110
HOA
5%
$98
Property Management
10%
$185
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0