This property looks like a bad Long-Term investment with a projected -15.28% first-year return on $56,700 initial cash invested.
-15.28%
Cash On Cash
3.26%
Cap Rate
0.53
DSCR
$1,276
Rent
-$722
Cashflow
Cash Flow
$1,276 income − $1,998 expenses = $722 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,276
Total Expenses
$1,998
Mortgage P&I
109%
$1,392
Property Taxes
14%
$179
Home Insurance
7%
$94
HOA
0%
$0
Property Management
10%
$128
CapEx
5%
$64
Vacancy
6%
$77
Maintenance
5%
$64
Other
0%
$0