This property looks like a bad Long-Term investment with a projected -11.26% first-year return on $56,700 initial cash invested.
-11.26%
Cash On Cash
4.58%
Cap Rate
0.7
DSCR
$1,681
Rent
-$532
Cashflow
Cash Flow
$1,681 income − $2,213 expenses = $532 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,681
Total Expenses
$2,213
Mortgage P&I
88%
$1,479
Property Taxes
12%
$203
Home Insurance
6%
$94
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0