This property looks like a bad Long-Term investment with a projected -14.75% first-year return on $56,700 initial cash invested.
-14.75%
Cash On Cash
3.49%
Cap Rate
0.55
DSCR
$1,258
Rent
-$697
Cashflow
Cash Flow
$1,258 income − $1,955 expenses = $697 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,258
Total Expenses
$1,955
Mortgage P&I
113%
$1,419
Property Taxes
9%
$115
Home Insurance
7%
$94
HOA
0%
$0
Property Management
10%
$126
CapEx
5%
$63
Vacancy
6%
$75
Maintenance
5%
$63
Other
0%
$0