This property looks like a bad Long-Term investment with a projected -14.96% first-year return on $62,979 initial cash invested.
-14.96%
Cash On Cash
3.73%
Cap Rate
0.57
DSCR
$1,718
Rent
-$785
Cashflow
Cash Flow
$1,718 income − $2,503 expenses = $785 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,718
Total Expenses
$2,503
Mortgage P&I
95%
$1,631
Property Taxes
19%
$320
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0