This property looks like a bad Long-Term investment with a projected -7% first-year return on $56,742 initial cash invested.
-7%
Cash On Cash
5.56%
Cap Rate
0.84
DSCR
$1,801
Rent
-$331
Cashflow
Cash Flow
$1,801 income − $2,132 expenses = $331 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,742
Downpayment
20%
$54,040
Closing costs
1%
$2,702
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,801
Total Expenses
$2,132
Mortgage P&I
83%
$1,494
Property Taxes
4%
$74
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0