This property looks like a bad Long-Term investment with a projected -9.22% first-year return on $63,000 initial cash invested.
-9.22%
Cash On Cash
5.24%
Cap Rate
0.78
DSCR
$2,259
Rent
-$484
Cashflow
Cash Flow
$2,259 income − $2,743 expenses = $484 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,000
Downpayment
20%
$60,000
Closing costs
1%
$3,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,259
Total Expenses
$2,743
Mortgage P&I
74%
$1,681
Property Taxes
16%
$369
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0