This property looks like a bad Long-Term investment with a projected -5.42% first-year return on $56,653 initial cash invested.
-5.42%
Cash On Cash
5.68%
Cap Rate
0.89
DSCR
$2,042
Rent
-$256
Cashflow
Cash Flow
$2,042 income − $2,298 expenses = $256 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,653
Downpayment
20%
$53,955
Closing costs
1%
$2,698
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,042
Total Expenses
$2,298
Mortgage P&I
70%
$1,430
Property Taxes
12%
$243
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0