This property looks like a bad Mid-Term investment with a projected -0.21% first-year return on $74,679 initial cash invested.
-0.21%
Cash On Cash
7.02%
Cap Rate
1.07
DSCR
$2,750
Rent
-$13
Cashflow
Cash Flow
$2,750 income − $2,763 expenses = $13 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,750
Total Expenses
$2,763
Mortgage P&I
54%
$1,481
Property Taxes
9%
$254
Home Insurance
3%
$94
HOA
0%
$0
Property Management
12%
$330
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302