This property looks like a bad Long-Term investment with a projected -9.7% first-year return on $56,679 initial cash invested.
-9.7%
Cash On Cash
4.98%
Cap Rate
0.75
DSCR
$1,789
Rent
-$458
Cashflow
Cash Flow
$1,789 income − $2,247 expenses = $458 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,789
Total Expenses
$2,247
Mortgage P&I
83%
$1,490
Property Taxes
11%
$197
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0