This property looks like a bad Long-Term investment with a projected -8.76% first-year return on $56,595 initial cash invested.
-8.76%
Cash On Cash
5.15%
Cap Rate
0.79
DSCR
$2,164
Rent
-$413
Cashflow
Cash Flow
$2,164 income − $2,577 expenses = $413 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,595
Downpayment
20%
$53,900
Closing costs
1%
$2,695
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,164
Total Expenses
$2,577
Mortgage P&I
68%
$1,461
Property Taxes
20%
$432
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0