This property looks like a bad Mid-Term investment with a projected -2.59% first-year return on $74,679 initial cash invested.
-2.59%
Cash On Cash
5.92%
Cap Rate
0.96
DSCR
$2,481
Rent
-$161
Cashflow
Cash Flow
$2,481 income − $2,642 expenses = $161 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,481
Total Expenses
$2,642
Mortgage P&I
56%
$1,394
Property Taxes
13%
$311
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$298
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$273