This property looks like a bad Long-Term investment with a projected -8.82% first-year return on $62,979 initial cash invested.
-8.82%
Cash On Cash
5.06%
Cap Rate
0.78
DSCR
$1,971
Rent
-$463
Cashflow
Cash Flow
$1,971 income − $2,434 expenses = $463 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
$1,971
Total Expenses
$2,434
Mortgage P&I
83%
$1,629
Property Taxes
9%
$187
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0