This property looks like a bad Long-Term investment with a projected -14.62% first-year return on $56,700 initial cash invested.
-14.62%
Cash On Cash
3.69%
Cap Rate
0.58
DSCR
$1,762
Rent
-$691
Cashflow
Cash Flow
$1,762 income − $2,453 expenses = $691 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,762
Total Expenses
$2,453
Mortgage P&I
81%
$1,434
Property Taxes
26%
$465
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0