This property looks like a bad Long-Term investment with a projected -7.39% first-year return on $56,700 initial cash invested.
-7.39%
Cash On Cash
5%
Cap Rate
0.81
DSCR
$1,736
Rent
-$349
Cashflow
Cash Flow
$1,736 income − $2,085 expenses = $349 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,736
Total Expenses
$2,085
Mortgage P&I
80%
$1,386
Property Taxes
9%
$153
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0