This property looks like a bad Long-Term investment with a projected -14.93% first-year return on $56,595 initial cash invested.
-14.93%
Cash On Cash
3.56%
Cap Rate
0.56
DSCR
$1,434
Rent
-$704
Cashflow
Cash Flow
$1,434 income − $2,138 expenses = $704 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,595
Downpayment
20%
$53,900
Closing costs
1%
$2,695
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,434
Total Expenses
$2,138
Mortgage P&I
100%
$1,432
Property Taxes
17%
$237
Home Insurance
7%
$96
HOA
0%
$0
Property Management
10%
$143
CapEx
5%
$72
Vacancy
6%
$86
Maintenance
5%
$72
Other
0%
$0