This property looks like a bad Mid-Term investment with a projected -0.38% first-year return on $74,847 initial cash invested.
-0.38%
Cash On Cash
6.99%
Cap Rate
1.06
DSCR
$2,668
Rent
-$24
Cashflow
Cash Flow
$2,668 income − $2,692 expenses = $24 out of pocket
Investment Breakdown
|
Purchase Price
$271k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,847
Downpayment
20%
$54,140
Closing costs
1%
$2,707
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,668
Total Expenses
$2,692
Mortgage P&I
56%
$1,494
Property Taxes
7%
$195
Home Insurance
4%
$96
HOA
0%
$0
Property Management
12%
$320
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$293