This property looks like a bad Long-Term investment with a projected -11.83% first-year return on $62,895 initial cash invested.
-11.83%
Cash On Cash
4.16%
Cap Rate
0.66
DSCR
$1,784
Rent
-$620
Cashflow
Cash Flow
$1,784 income − $2,404 expenses = $620 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,895
Downpayment
20%
$59,900
Closing costs
1%
$2,995
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,784
Total Expenses
$2,404
Mortgage P&I
88%
$1,569
Property Taxes
15%
$267
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0