This property looks like a bad Mid-Term investment with a projected -0.96% first-year return on $74,679 initial cash invested.
-0.96%
Cash On Cash
6.65%
Cap Rate
1.02
DSCR
$2,380
Rent
-$60
Cashflow
Cash Flow
$2,380 income − $2,440 expenses = $60 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,380
Total Expenses
$2,440
Mortgage P&I
61%
$1,460
Property Taxes
3%
$77
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$286
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$262