This property looks like a bad Mid-Term investment with a projected -2.12% first-year return on $74,637 initial cash invested.
-2.12%
Cash On Cash
6.21%
Cap Rate
0.98
DSCR
$2,592
Rent
-$132
Cashflow
Cash Flow
$2,592 income − $2,724 expenses = $132 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,637
Downpayment
20%
$53,940
Closing costs
1%
$2,697
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,592
Total Expenses
$2,724
Mortgage P&I
55%
$1,424
Property Taxes
12%
$322
Home Insurance
4%
$96
HOA
0%
$0
Property Management
12%
$311
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$285