This property looks like a bad Mid-Term investment with a projected -2.88% first-year return on $74,679 initial cash invested.
-2.88%
Cash On Cash
5.95%
Cap Rate
0.94
DSCR
$2,308
Rent
-$179
Cashflow
Cash Flow
$2,308 income − $2,487 expenses = $179 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,308
Total Expenses
$2,487
Mortgage P&I
62%
$1,425
Property Taxes
8%
$184
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$277
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$254