This property looks like a bad Mid-Term investment with a projected -1.58% first-year return on $74,595 initial cash invested.
-1.58%
Cash On Cash
6.69%
Cap Rate
1
DSCR
$2,550
Rent
-$98
Cashflow
Cash Flow
$2,550 income − $2,648 expenses = $98 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,595
Downpayment
20%
$53,900
Closing costs
1%
$2,695
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,550
Total Expenses
$2,648
Mortgage P&I
59%
$1,498
Property Taxes
7%
$187
Home Insurance
4%
$97
HOA
0%
$0
Property Management
12%
$306
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280