This property looks like a bad Mid-Term investment with a projected -1.27% first-year return on $74,595 initial cash invested.
-1.27%
Cash On Cash
6.87%
Cap Rate
1.02
DSCR
$2,910
Rent
-$79
Cashflow
Cash Flow
$2,910 income − $2,989 expenses = $79 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,595
Downpayment
20%
$53,900
Closing costs
1%
$2,695
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,910
Total Expenses
$2,989
Mortgage P&I
52%
$1,507
Property Taxes
14%
$400
Home Insurance
3%
$94
HOA
0%
$0
Property Management
12%
$349
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$320