This property looks like a bad Mid-Term investment with a projected -4.85% first-year return on $74,679 initial cash invested.
-4.85%
Cash On Cash
5.29%
Cap Rate
0.84
DSCR
$2,002
Rent
-$302
Cashflow
Cash Flow
$2,002 income − $2,304 expenses = $302 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,002
Total Expenses
$2,304
Mortgage P&I
70%
$1,411
Property Taxes
6%
$119
Home Insurance
5%
$94
HOA
0%
$0
Property Management
12%
$240
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$220