This property looks like a bad Long-Term investment with a projected -9.37% first-year return on $56,616 initial cash invested.
-9.37%
Cash On Cash
4.5%
Cap Rate
0.74
DSCR
$1,611
Rent
-$442
Cashflow
Cash Flow
$1,611 income − $2,053 expenses = $442 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,616
Downpayment
20%
$53,920
Closing costs
1%
$2,696
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,611
Total Expenses
$2,053
Mortgage P&I
85%
$1,371
Property Taxes
10%
$166
Home Insurance
6%
$96
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0