This property looks like a bad Long-Term investment with a projected -10.69% first-year return on $56,679 initial cash invested.
-10.69%
Cash On Cash
4.79%
Cap Rate
0.72
DSCR
$1,650
Rent
-$505
Cashflow
Cash Flow
$1,650 income − $2,155 expenses = $505 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,679
Downpayment
20%
$53,980
Closing costs
1%
$2,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,650
Total Expenses
$2,155
Mortgage P&I
91%
$1,500
Property Taxes
8%
$133
Home Insurance
6%
$94
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0