This property looks like a bad Long-Term investment with a projected -1.08% first-year return on $56,700 initial cash invested.
-1.08%
Cash On Cash
6.36%
Cap Rate
1.04
DSCR
$2,004
Rent
-$51
Cashflow
Cash Flow
$2,004 income − $2,055 expenses = $51 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,004
Total Expenses
$2,055
Mortgage P&I
69%
$1,382
Property Taxes
3%
$59
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0