This property looks like a bad Long-Term investment with a projected -12.46% first-year return on $62,979 initial cash invested.
-12.46%
Cash On Cash
4.15%
Cap Rate
0.66
DSCR
$2,397
Rent
-$654
Cashflow
Cash Flow
$2,397 income − $3,051 expenses = $654 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,397
Total Expenses
$3,051
Mortgage P&I
66%
$1,572
Property Taxes
31%
$750
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0