This property looks like a bad Mid-Term investment with a projected -0.82% first-year return on $74,700 initial cash invested.
-0.82%
Cash On Cash
6.89%
Cap Rate
1.03
DSCR
$2,496
Rent
-$51
Cashflow
Cash Flow
$2,496 income − $2,547 expenses = $51 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,700
Downpayment
20%
$54,000
Closing costs
1%
$2,700
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,496
Total Expenses
$2,547
Mortgage P&I
60%
$1,502
Property Taxes
4%
$101
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$300
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$275