This property looks like a bad Long-Term investment with a projected -8.87% first-year return on $56,700 initial cash invested.
-8.87%
Cash On Cash
4.92%
Cap Rate
0.77
DSCR
$1,921
Rent
-$419
Cashflow
Cash Flow
$1,921 income − $2,340 expenses = $419 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,921
Total Expenses
$2,340
Mortgage P&I
74%
$1,431
Property Taxes
16%
$316
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0