This property looks like a bad Long-Term investment with a projected -5.19% first-year return on $56,679 initial cash invested.
-5.19%
Cash On Cash
5.46%
Cap Rate
0.89
DSCR
$1,853
Rent
-$245
Cashflow
Cash Flow
$1,853 income − $2,098 expenses = $245 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,853
Total Expenses
$2,098
Mortgage P&I
74%
$1,379
Property Taxes
8%
$143
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$185
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0