This property looks like a bad Mid-Term investment with a projected -0.53% first-year return on $74,742 initial cash invested.
-0.53%
Cash On Cash
6.88%
Cap Rate
1.05
DSCR
$2,600
Rent
-$33
Cashflow
Cash Flow
$2,600 income − $2,633 expenses = $33 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,742
Downpayment
20%
$54,040
Closing costs
1%
$2,702
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,600
Total Expenses
$2,633
Mortgage P&I
57%
$1,479
Property Taxes
7%
$172
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286