This property looks like a bad Long-Term investment with a projected -8.53% first-year return on $63,000 initial cash invested.
-8.53%
Cash On Cash
4.73%
Cap Rate
0.78
DSCR
$2,275
Rent
-$448
Cashflow
Cash Flow
$2,275 income − $2,723 expenses = $448 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,275
Total Expenses
$2,723
Mortgage P&I
67%
$1,517
Property Taxes
22%
$509
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0