This property looks like a bad Long-Term investment with a projected -7.24% first-year return on $56,679 initial cash invested.
-7.24%
Cash On Cash
5.7%
Cap Rate
0.85
DSCR
$2,232
Rent
-$342
Cashflow
Cash Flow
$2,232 income − $2,574 expenses = $342 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,232
Total Expenses
$2,574
Mortgage P&I
68%
$1,512
Property Taxes
17%
$387
Home Insurance
4%
$94
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0