This property looks like a bad Mid-Term investment with a projected -2.47% first-year return on $74,742 initial cash invested.
-2.47%
Cash On Cash
6.37%
Cap Rate
0.96
DSCR
$2,300
Rent
-$154
Cashflow
Cash Flow
$2,300 income − $2,454 expenses = $154 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,742
Downpayment
20%
$54,040
Closing costs
1%
$2,702
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,300
Total Expenses
$2,454
Mortgage P&I
65%
$1,496
Property Taxes
3%
$80
Home Insurance
4%
$96
HOA
0%
$0
Property Management
12%
$276
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$253