This property looks like a bad Mid-Term investment with a projected -5.59% first-year return on $74,679 initial cash invested.
-5.59%
Cash On Cash
4.96%
Cap Rate
0.8
DSCR
$1,846
Rent
-$348
Cashflow
Cash Flow
$1,846 income − $2,194 expenses = $348 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,679
Downpayment
20%
$53,980
Closing costs
1%
$2,699
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,846
Total Expenses
$2,194
Mortgage P&I
75%
$1,390
Property Taxes
4%
$82
Home Insurance
5%
$94
HOA
0%
$0
Property Management
12%
$222
CapEx
4%
$74
Vacancy
3%
$55
Maintenance
4%
$74
Other
11%
$203