This property looks like a bad Long-Term investment with a projected -11.98% first-year return on $56,595 initial cash invested.
-11.98%
Cash On Cash
4.63%
Cap Rate
0.69
DSCR
$1,940
Rent
-$565
Cashflow
Cash Flow
$1,940 income − $2,505 expenses = $565 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,595
Downpayment
20%
$53,900
Closing costs
1%
$2,695
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,940
Total Expenses
$2,505
Mortgage P&I
78%
$1,507
Property Taxes
21%
$400
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0