This property looks like a bad Mid-Term investment with a projected -1.14% first-year return on $74,679 initial cash invested.
-1.14%
Cash On Cash
6.22%
Cap Rate
1.02
DSCR
$2,488
Rent
-$71
Cashflow
Cash Flow
$2,488 income − $2,559 expenses = $71 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,488
Total Expenses
$2,559
Mortgage P&I
55%
$1,370
Property Taxes
10%
$247
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$299
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$274