This property looks like a bad Long-Term investment with a projected -13.89% first-year return on $56,679 initial cash invested.
-13.89%
Cash On Cash
3.54%
Cap Rate
0.57
DSCR
$1,231
Rent
-$656
Cashflow
Cash Flow
$1,231 income − $1,887 expenses = $656 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,231
Total Expenses
$1,887
Mortgage P&I
113%
$1,390
Property Taxes
7%
$82
Home Insurance
8%
$94
HOA
0%
$0
Property Management
10%
$123
CapEx
5%
$62
Vacancy
6%
$74
Maintenance
5%
$62
Other
0%
$0