This property looks like a bad Long-Term investment with a projected -11.03% first-year return on $62,895 initial cash invested.
-11.03%
Cash On Cash
4.15%
Cap Rate
0.68
DSCR
$1,724
Rent
-$578
Cashflow
Cash Flow
$1,724 income − $2,302 expenses = $578 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,724
Total Expenses
$2,302
Mortgage P&I
89%
$1,529
Property Taxes
14%
$233
Home Insurance
5%
$93
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0