This property looks like a bad Long-Term investment with a projected -4.28% first-year return on $56,700 initial cash invested.
-4.28%
Cash On Cash
5.75%
Cap Rate
0.93
DSCR
$2,086
Rent
-$202
Cashflow
Cash Flow
$2,086 income − $2,288 expenses = $202 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,700
Downpayment
20%
$54,000
Closing costs
1%
$2,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,086
Total Expenses
$2,288
Mortgage P&I
67%
$1,391
Property Taxes
13%
$261
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0