This property looks like a bad Long-Term investment with a projected -8.21% first-year return on $56,700 initial cash invested.
-8.21%
Cash On Cash
5.38%
Cap Rate
0.8
DSCR
$1,881
Rent
-$388
Cashflow
Cash Flow
$1,881 income − $2,269 expenses = $388 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,881
Total Expenses
$2,269
Mortgage P&I
80%
$1,504
Property Taxes
10%
$182
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0