This property looks like a bad Long-Term investment with a projected -11.15% first-year return on $56,700 initial cash invested.
-11.15%
Cash On Cash
4.51%
Cap Rate
0.7
DSCR
$2,026
Rent
-$527
Cashflow
Cash Flow
$2,026 income − $2,553 expenses = $527 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,026
Total Expenses
$2,553
Mortgage P&I
71%
$1,440
Property Taxes
24%
$492
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$101
Vacancy
6%
$122
Maintenance
5%
$101
Other
0%
$0