This property looks like a bad Mid-Term investment with a projected -4.68% first-year return on $74,679 initial cash invested.
-4.68%
Cash On Cash
5.82%
Cap Rate
0.86
DSCR
$2,020
Rent
-$291
Cashflow
Cash Flow
$2,020 income − $2,311 expenses = $291 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,020
Total Expenses
$2,311
Mortgage P&I
75%
$1,518
Property Taxes
1%
$12
Home Insurance
5%
$94
HOA
0%
$0
Property Management
12%
$242
CapEx
4%
$81
Vacancy
3%
$61
Maintenance
4%
$81
Other
11%
$222