This property looks like a bad Long-Term investment with a projected -9.42% first-year return on $56,679 initial cash invested.
-9.42%
Cash On Cash
5.02%
Cap Rate
0.77
DSCR
$2,005
Rent
-$445
Cashflow
Cash Flow
$2,005 income − $2,450 expenses = $445 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,005
Total Expenses
$2,450
Mortgage P&I
73%
$1,473
Property Taxes
18%
$363
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0