This property looks like a bad Mid-Term investment with a projected -7.71% first-year return on $74,700 initial cash invested.
-7.71%
Cash On Cash
4.32%
Cap Rate
0.71
DSCR
$1,838
Rent
-$480
Cashflow
Cash Flow
$1,838 income − $2,318 expenses = $480 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,838
Total Expenses
$2,318
Mortgage P&I
75%
$1,378
Property Taxes
12%
$220
Home Insurance
5%
$94
HOA
0%
$0
Property Management
12%
$221
CapEx
4%
$74
Vacancy
3%
$55
Maintenance
4%
$74
Other
11%
$202