This property looks like a bad Long-Term investment with a projected -10.4% first-year return on $56,679 initial cash invested.
-10.4%
Cash On Cash
4.76%
Cap Rate
0.72
DSCR
$1,667
Rent
-$491
Cashflow
Cash Flow
$1,667 income − $2,158 expenses = $491 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,667
Total Expenses
$2,158
Mortgage P&I
89%
$1,479
Property Taxes
9%
$152
Home Insurance
6%
$94
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0