This property looks like a bad Long-Term investment with a projected -7.45% first-year return on $56,700 initial cash invested.
-7.45%
Cash On Cash
5.47%
Cap Rate
0.83
DSCR
$1,909
Rent
-$352
Cashflow
Cash Flow
$1,909 income − $2,261 expenses = $352 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,909
Total Expenses
$2,261
Mortgage P&I
78%
$1,488
Property Taxes
10%
$183
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$95
Vacancy
6%
$115
Maintenance
5%
$95
Other
0%
$0