This property looks like a bad Long-Term investment with a projected -9.81% first-year return on $56,637 initial cash invested.
-9.81%
Cash On Cash
4.95%
Cap Rate
0.76
DSCR
$2,131
Rent
-$463
Cashflow
Cash Flow
$2,131 income − $2,594 expenses = $463 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,637
Downpayment
20%
$53,940
Closing costs
1%
$2,697
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,131
Total Expenses
$2,594
Mortgage P&I
69%
$1,469
Property Taxes
22%
$467
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0