This property looks like a bad Long-Term investment with a projected -7.2% first-year return on $56,700 initial cash invested.
-7.2%
Cash On Cash
5.16%
Cap Rate
0.83
DSCR
$1,919
Rent
-$340
Cashflow
Cash Flow
$1,919 income − $2,259 expenses = $340 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,919
Total Expenses
$2,259
Mortgage P&I
73%
$1,405
Property Taxes
14%
$261
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0