This property looks like a bad Long-Term investment with a projected -9.51% first-year return on $56,679 initial cash invested.
-9.51%
Cash On Cash
5.07%
Cap Rate
0.76
DSCR
$1,941
Rent
-$449
Cashflow
Cash Flow
$1,941 income − $2,390 expenses = $449 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,679
Downpayment
20%
$53,980
Closing costs
1%
$2,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,941
Total Expenses
$2,390
Mortgage P&I
77%
$1,493
Property Taxes
15%
$299
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0