This property looks like a bad Long-Term investment with a projected -11.45% first-year return on $56,616 initial cash invested.
-11.45%
Cash On Cash
4.12%
Cap Rate
0.68
DSCR
$2,093
Rent
-$540
Cashflow
Cash Flow
$2,093 income − $2,633 expenses = $540 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,616
Downpayment
20%
$53,920
Closing costs
1%
$2,696
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,093
Total Expenses
$2,633
Mortgage P&I
65%
$1,360
Property Taxes
16%
$332
Home Insurance
5%
$96
HOA
14%
$300
Property Management
10%
$209
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0