This property looks like a bad Long-Term investment with a projected -3.13% first-year return on $56,700 initial cash invested.
-3.13%
Cash On Cash
6.46%
Cap Rate
0.97
DSCR
$2,188
Rent
-$148
Cashflow
Cash Flow
$2,188 income − $2,336 expenses = $148 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
$2,188
Total Expenses
$2,336
Mortgage P&I
68%
$1,492
Property Taxes
8%
$180
Home Insurance
4%
$96
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0