This property looks like a bad Mid-Term investment with a projected -0.26% first-year return on $74,616 initial cash invested.
-0.26%
Cash On Cash
6.54%
Cap Rate
1.08
DSCR
$3,140
Rent
-$16
Cashflow
Cash Flow
$3,140 income − $3,156 expenses = $16 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,616
Downpayment
20%
$53,920
Closing costs
1%
$2,696
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,140
Total Expenses
$3,156
Mortgage P&I
43%
$1,360
Property Taxes
11%
$332
Home Insurance
3%
$96
HOA
10%
$300
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$345