This property looks like a bad Long-Term investment with a projected -16.88% first-year return on $62,979 initial cash invested.
-16.88%
Cash On Cash
3.27%
Cap Rate
0.5
DSCR
$1,515
Rent
-$886
Cashflow
Cash Flow
$1,515 income − $2,401 expenses = $886 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
$1,515
Total Expenses
$2,401
Mortgage P&I
107%
$1,627
Property Taxes
18%
$274
Home Insurance
7%
$105
HOA
0%
$0
Property Management
10%
$152
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0