This property looks like a bad Long-Term investment with a projected -13.27% first-year return on $56,679 initial cash invested.
-13.27%
Cash On Cash
4.26%
Cap Rate
0.63
DSCR
$1,347
Rent
-$627
Cashflow
Cash Flow
$1,347 income − $1,974 expenses = $627 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,347
Total Expenses
$1,974
Mortgage P&I
113%
$1,518
Property Taxes
1%
$12
Home Insurance
7%
$94
HOA
0%
$0
Property Management
10%
$135
CapEx
5%
$67
Vacancy
6%
$81
Maintenance
5%
$67
Other
0%
$0