This property looks like a bad Long-Term investment with a projected -7.45% first-year return on $56,679 initial cash invested.
-7.45%
Cash On Cash
5.03%
Cap Rate
0.81
DSCR
$1,869
Rent
-$352
Cashflow
Cash Flow
$1,869 income − $2,221 expenses = $352 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,869
Total Expenses
$2,221
Mortgage P&I
74%
$1,391
Property Taxes
13%
$251
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0