This property looks like a bad Mid-Term investment with a projected -6.47% first-year return on $74,700 initial cash invested.
-6.47%
Cash On Cash
4.74%
Cap Rate
0.77
DSCR
$1,914
Rent
-$403
Cashflow
Cash Flow
$1,914 income − $2,317 expenses = $403 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,700
Downpayment
20%
$54,000
Closing costs
1%
$2,700
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,914
Total Expenses
$2,317
Mortgage P&I
73%
$1,392
Property Taxes
9%
$179
Home Insurance
5%
$94
HOA
0%
$0
Property Management
12%
$230
CapEx
4%
$77
Vacancy
3%
$57
Maintenance
4%
$77
Other
11%
$211