This property looks like a bad Long-Term investment with a projected -6.44% first-year return on $56,679 initial cash invested.
-6.44%
Cash On Cash
5.95%
Cap Rate
0.87
DSCR
$2,053
Rent
-$304
Cashflow
Cash Flow
$2,053 income − $2,357 expenses = $304 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.7%
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
$2,053
Total Expenses
$2,357
Mortgage P&I
75%
$1,539
Property Taxes
7%
$145
Home Insurance
5%
$94
HOA
2%
$45
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0