This property looks like a bad Mid-Term investment with a projected -0.54% first-year return on $74,868 initial cash invested.
-0.54%
Cash On Cash
6.98%
Cap Rate
1.05
DSCR
$2,674
Rent
-$34
Cashflow
Cash Flow
$2,674 income − $2,708 expenses = $34 out of pocket
Investment Breakdown
|
Purchase Price
$271k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,868
Downpayment
20%
$54,160
Closing costs
1%
$2,708
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,674
Total Expenses
$2,708
Mortgage P&I
56%
$1,503
Property Taxes
7%
$200
Home Insurance
4%
$96
HOA
0%
$0
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$294