This property looks like a bad Long-Term investment with a projected -6.89% first-year return on $56,763 initial cash invested.
-6.89%
Cash On Cash
5.27%
Cap Rate
0.85
DSCR
$2,327
Rent
-$326
Cashflow
Cash Flow
$2,327 income − $2,653 expenses = $326 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,327
Total Expenses
$2,653
Mortgage P&I
60%
$1,396
Property Taxes
24%
$557
Home Insurance
4%
$95
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$116
Vacancy
6%
$140
Maintenance
5%
$116
Other
0%
$0