This property looks like a bad Long-Term investment with a projected -4.48% first-year return on $62,895 initial cash invested.
-4.48%
Cash On Cash
6.08%
Cap Rate
0.92
DSCR
$2,075
Rent
-$235
Cashflow
Cash Flow
$2,075 income − $2,310 expenses = $235 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,075
Total Expenses
$2,310
Mortgage P&I
79%
$1,648
Property Taxes
1%
$17
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0