This property looks like a bad Long-Term investment with a projected -13.45% first-year return on $62,979 initial cash invested.
-13.45%
Cash On Cash
3.66%
Cap Rate
0.59
DSCR
$1,363
Rent
-$706
Cashflow
Cash Flow
$1,363 income − $2,069 expenses = $706 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,363
Total Expenses
$2,069
Mortgage P&I
114%
$1,553
Property Taxes
4%
$57
Home Insurance
8%
$105
HOA
0%
$0
Property Management
10%
$136
CapEx
5%
$68
Vacancy
6%
$82
Maintenance
5%
$68
Other
0%
$0