This property looks like a bad Long-Term investment with a projected -17.21% first-year return on $62,979 initial cash invested.
-17.21%
Cash On Cash
2.75%
Cap Rate
0.45
DSCR
$1,215
Rent
-$903
Cashflow
Cash Flow
$1,215 income − $2,118 expenses = $903 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,215
Total Expenses
$2,118
Mortgage P&I
126%
$1,530
Property Taxes
14%
$166
Home Insurance
9%
$105
HOA
0%
$0
Property Management
10%
$122
CapEx
5%
$61
Vacancy
6%
$73
Maintenance
5%
$61
Other
0%
$0