This property looks like a bad Long-Term investment with a projected -11.51% first-year return on $62,979 initial cash invested.
-11.51%
Cash On Cash
4.52%
Cap Rate
0.69
DSCR
$1,737
Rent
-$604
Cashflow
Cash Flow
$1,737 income − $2,341 expenses = $604 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,737
Total Expenses
$2,341
Mortgage P&I
95%
$1,647
Property Taxes
8%
$137
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0