This property looks like a bad Long-Term investment with a projected -6.1% first-year return on $56,679 initial cash invested.
-6.1%
Cash On Cash
5.54%
Cap Rate
0.86
DSCR
$1,868
Rent
-$288
Cashflow
Cash Flow
$1,868 income − $2,156 expenses = $288 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,679
Downpayment
20%
$53,980
Closing costs
1%
$2,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,868
Total Expenses
$2,156
Mortgage P&I
77%
$1,440
Property Taxes
7%
$137
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0