This property looks like a bad Mid-Term investment with a projected -1.21% first-year return on $74,679 initial cash invested.
-1.21%
Cash On Cash
6.69%
Cap Rate
1.02
DSCR
$2,500
Rent
-$75
Cashflow
Cash Flow
$2,500 income − $2,575 expenses = $75 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,500
Total Expenses
$2,575
Mortgage P&I
59%
$1,479
Property Taxes
6%
$152
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$300
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$275