This property looks like a bad Long-Term investment with a projected -5.69% first-year return on $56,763 initial cash invested.
-5.69%
Cash On Cash
5.38%
Cap Rate
0.88
DSCR
$1,975
Rent
-$269
Cashflow
Cash Flow
$1,975 income − $2,244 expenses = $269 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,763
Downpayment
20%
$54,060
Closing costs
1%
$2,703
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,975
Total Expenses
$2,244
Mortgage P&I
70%
$1,382
Property Taxes
13%
$250
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0