This property looks like a bad Mid-Term investment with a projected -5.54% first-year return on $74,679 initial cash invested.
-5.54%
Cash On Cash
5.44%
Cap Rate
0.82
DSCR
$2,031
Rent
-$345
Cashflow
Cash Flow
$2,031 income − $2,376 expenses = $345 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,031
Total Expenses
$2,376
Mortgage P&I
73%
$1,487
Property Taxes
5%
$105
Home Insurance
5%
$94
HOA
0%
$0
Property Management
12%
$244
CapEx
4%
$81
Vacancy
3%
$61
Maintenance
4%
$81
Other
11%
$223