This property looks like a bad Long-Term investment with a projected -2.58% first-year return on $56,679 initial cash invested.
-2.58%
Cash On Cash
6.18%
Cap Rate
0.98
DSCR
$1,984
Rent
-$122
Cashflow
Cash Flow
$1,984 income − $2,106 expenses = $122 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,984
Total Expenses
$2,106
Mortgage P&I
71%
$1,412
Property Taxes
4%
$85
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0