This property looks like a bad Mid-Term investment with a projected -1.8% first-year return on $74,679 initial cash invested.
-1.8%
Cash On Cash
6.49%
Cap Rate
1
DSCR
$2,672
Rent
-$112
Cashflow
Cash Flow
$2,672 income − $2,784 expenses = $112 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,672
Total Expenses
$2,784
Mortgage P&I
55%
$1,465
Property Taxes
12%
$316
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$294