This property looks like a bad Long-Term investment with a projected -3.75% first-year return on $56,637 initial cash invested.
-3.75%
Cash On Cash
5.81%
Cap Rate
0.94
DSCR
$1,895
Rent
-$177
Cashflow
Cash Flow
$1,895 income − $2,072 expenses = $177 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,895
Total Expenses
$2,072
Mortgage P&I
73%
$1,388
Property Taxes
5%
$94
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0