This property looks like a bad Long-Term investment with a projected -1.65% first-year return on $56,742 initial cash invested.
-1.65%
Cash On Cash
6.64%
Cap Rate
1.04
DSCR
$2,690
Rent
-$78
Cashflow
Cash Flow
$2,690 income − $2,768 expenses = $78 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,742
Downpayment
20%
$54,040
Closing costs
1%
$2,702
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,690
Total Expenses
$2,768
Mortgage P&I
53%
$1,438
Property Taxes
20%
$530
Home Insurance
4%
$102
HOA
0%
$0
Property Management
10%
$269
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0