This property looks like a bad Long-Term investment with a projected -9.65% first-year return on $56,679 initial cash invested.
-9.65%
Cash On Cash
4.82%
Cap Rate
0.74
DSCR
$1,587
Rent
-$456
Cashflow
Cash Flow
$1,587 income − $2,043 expenses = $456 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,587
Total Expenses
$2,043
Mortgage P&I
92%
$1,460
Property Taxes
5%
$77
Home Insurance
6%
$94
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0