This property looks like a bad Mid-Term investment with a projected -2.91% first-year return on $74,763 initial cash invested.
-2.91%
Cash On Cash
6.08%
Cap Rate
0.94
DSCR
$2,340
Rent
-$181
Cashflow
Cash Flow
$2,340 income − $2,521 expenses = $181 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,763
Downpayment
20%
$54,060
Closing costs
1%
$2,703
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,340
Total Expenses
$2,521
Mortgage P&I
62%
$1,457
Property Taxes
7%
$175
Home Insurance
4%
$93
HOA
0%
$0
Property Management
12%
$281
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$257