This property looks like a bad Long-Term investment with a projected -10.31% first-year return on $56,679 initial cash invested.
-10.31%
Cash On Cash
4.4%
Cap Rate
0.72
DSCR
$2,050
Rent
-$487
Cashflow
Cash Flow
$2,050 income − $2,537 expenses = $487 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,050
Total Expenses
$2,537
Mortgage P&I
67%
$1,375
Property Taxes
24%
$482
Home Insurance
5%
$94
HOA
3%
$54
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0