This property looks like a bad Long-Term investment with a projected -6.31% first-year return on $62,979 initial cash invested.
-6.31%
Cash On Cash
5.17%
Cap Rate
0.85
DSCR
$2,040
Rent
-$331
Cashflow
Cash Flow
$2,040 income − $2,371 expenses = $331 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,040
Total Expenses
$2,371
Mortgage P&I
75%
$1,520
Property Taxes
11%
$216
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0