This property looks like a bad Long-Term investment with a projected -10.71% first-year return on $56,700 initial cash invested.
-10.71%
Cash On Cash
4.42%
Cap Rate
0.7
DSCR
$1,805
Rent
-$506
Cashflow
Cash Flow
$1,805 income − $2,311 expenses = $506 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,805
Total Expenses
$2,311
Mortgage P&I
78%
$1,410
Property Taxes
19%
$339
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0