This property looks like a bad Long-Term investment with a projected -8.02% first-year return on $56,679 initial cash invested.
-8.02%
Cash On Cash
5.26%
Cap Rate
0.8
DSCR
$1,710
Rent
-$379
Cashflow
Cash Flow
$1,710 income − $2,089 expenses = $379 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,710
Total Expenses
$2,089
Mortgage P&I
86%
$1,475
Property Taxes
4%
$74
Home Insurance
6%
$94
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0