This property looks like a bad Mid-Term investment with a projected -1.8% first-year return on $74,700 initial cash invested.
-1.8%
Cash On Cash
6.52%
Cap Rate
0.99
DSCR
$2,522
Rent
-$112
Cashflow
Cash Flow
$2,522 income − $2,634 expenses = $112 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,700
Downpayment
20%
$54,000
Closing costs
1%
$2,700
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,522
Total Expenses
$2,634
Mortgage P&I
59%
$1,479
Property Taxes
8%
$203
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$303
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$277