This property looks like a bad Long-Term investment with a projected -6.65% first-year return on $56,679 initial cash invested.
-6.65%
Cash On Cash
5.38%
Cap Rate
0.85
DSCR
$1,966
Rent
-$314
Cashflow
Cash Flow
$1,966 income − $2,280 expenses = $314 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,966
Total Expenses
$2,280
Mortgage P&I
73%
$1,427
Property Taxes
13%
$248
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0