This property looks like a bad Long-Term investment with a projected -12.5% first-year return on $56,637 initial cash invested.
-12.5%
Cash On Cash
4.2%
Cap Rate
0.65
DSCR
$1,632
Rent
-$590
Cashflow
Cash Flow
$1,632 income − $2,222 expenses = $590 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,637
Downpayment
20%
$53,940
Closing costs
1%
$2,697
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,632
Total Expenses
$2,222
Mortgage P&I
89%
$1,451
Property Taxes
15%
$252
Home Insurance
6%
$94
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0