This property looks like a bad Mid-Term investment with a projected -0.63% first-year return on $74,616 initial cash invested.
-0.63%
Cash On Cash
6.36%
Cap Rate
1.04
DSCR
$2,416
Rent
-$39
Cashflow
Cash Flow
$2,416 income − $2,455 expenses = $39 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,616
Downpayment
20%
$53,920
Closing costs
1%
$2,696
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,416
Total Expenses
$2,455
Mortgage P&I
57%
$1,371
Property Taxes
7%
$166
Home Insurance
4%
$96
HOA
0%
$0
Property Management
12%
$290
CapEx
4%
$97
Vacancy
3%
$72
Maintenance
4%
$97
Other
11%
$266