This property looks like a bad Mid-Term investment with a projected -0.34% first-year return on $74,700 initial cash invested.
-0.34%
Cash On Cash
6.85%
Cap Rate
1.07
DSCR
$3,039
Rent
-$21
Cashflow
Cash Flow
$3,039 income − $3,060 expenses = $21 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,039
Total Expenses
$3,060
Mortgage P&I
47%
$1,440
Property Taxes
16%
$492
Home Insurance
3%
$94
HOA
0%
$0
Property Management
12%
$365
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$334