This property looks like a bad Long-Term investment with a projected -12.07% first-year return on $56,763 initial cash invested.
-12.07%
Cash On Cash
4.28%
Cap Rate
0.66
DSCR
$1,560
Rent
-$571
Cashflow
Cash Flow
$1,560 income − $2,131 expenses = $571 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,763
Downpayment
20%
$54,060
Closing costs
1%
$2,703
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,560
Total Expenses
$2,131
Mortgage P&I
93%
$1,457
Property Taxes
11%
$175
Home Insurance
6%
$93
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0