This property looks like a bad Mid-Term investment with a projected -3.86% first-year return on $74,679 initial cash invested.
-3.86%
Cash On Cash
5.68%
Cap Rate
0.89
DSCR
$2,204
Rent
-$240
Cashflow
Cash Flow
$2,204 income − $2,444 expenses = $240 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,204
Total Expenses
$2,444
Mortgage P&I
65%
$1,429
Property Taxes
8%
$173
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$264
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$242