This property looks like a bad Long-Term investment with a projected -3.17% first-year return on $56,700 initial cash invested.
-3.17%
Cash On Cash
6.02%
Cap Rate
0.97
DSCR
$2,063
Rent
-$150
Cashflow
Cash Flow
$2,063 income − $2,213 expenses = $150 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
$2,063
Total Expenses
$2,213
Mortgage P&I
68%
$1,401
Property Taxes
9%
$182
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0