This property looks like a bad Mid-Term investment with a projected -1.49% first-year return on $74,679 initial cash invested.
-1.49%
Cash On Cash
6.7%
Cap Rate
1
DSCR
$2,475
Rent
-$93
Cashflow
Cash Flow
$2,475 income − $2,568 expenses = $93 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,475
Total Expenses
$2,568
Mortgage P&I
61%
$1,500
Property Taxes
5%
$133
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$297
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$272