This property looks like a bad Mid-Term investment with a projected -0.88% first-year return on $74,700 initial cash invested.
-0.88%
Cash On Cash
6.5%
Cap Rate
1.04
DSCR
$2,708
Rent
-$55
Cashflow
Cash Flow
$2,708 income − $2,763 expenses = $55 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,708
Total Expenses
$2,763
Mortgage P&I
52%
$1,410
Property Taxes
13%
$339
Home Insurance
3%
$94
HOA
0%
$0
Property Management
12%
$325
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$298