This property looks like a bad Long-Term investment with a projected -9.84% first-year return on $56,700 initial cash invested.
-9.84%
Cash On Cash
4.98%
Cap Rate
0.75
DSCR
$1,664
Rent
-$465
Cashflow
Cash Flow
$1,664 income − $2,129 expenses = $465 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,700
Downpayment
20%
$54,000
Closing costs
1%
$2,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,664
Total Expenses
$2,129
Mortgage P&I
90%
$1,502
Property Taxes
6%
$101
Home Insurance
6%
$94
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0