This property looks like a bad Long-Term investment with a projected -14.32% first-year return on $63,000 initial cash invested.
-14.32%
Cash On Cash
3.99%
Cap Rate
0.6
DSCR
$1,567
Rent
-$752
Cashflow
Cash Flow
$1,567 income − $2,319 expenses = $752 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,567
Total Expenses
$2,319
Mortgage P&I
107%
$1,671
Property Taxes
9%
$136
Home Insurance
7%
$105
HOA
0%
$0
Property Management
10%
$157
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0