This property looks like a bad Long-Term investment with a projected -11.11% first-year return on $56,595 initial cash invested.
-11.11%
Cash On Cash
4.72%
Cap Rate
0.71
DSCR
$1,700
Rent
-$524
Cashflow
Cash Flow
$1,700 income − $2,224 expenses = $524 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,595
Downpayment
20%
$53,900
Closing costs
1%
$2,695
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,700
Total Expenses
$2,224
Mortgage P&I
88%
$1,498
Property Taxes
11%
$187
Home Insurance
6%
$97
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0