This property looks like a bad Long-Term investment with a projected -9.6% first-year return on $56,763 initial cash invested.
-9.6%
Cash On Cash
4.6%
Cap Rate
0.75
DSCR
$2,102
Rent
-$454
Cashflow
Cash Flow
$2,102 income − $2,556 expenses = $454 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,763
Downpayment
20%
$54,060
Closing costs
1%
$2,703
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,102
Total Expenses
$2,556
Mortgage P&I
66%
$1,386
Property Taxes
24%
$514
Home Insurance
5%
$96
HOA
1%
$14
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0