This property looks like a bad Mid-Term investment with a projected -16.03% first-year return on $270k initial cash invested.
-16.03%
Cash On Cash
3.18%
Cap Rate
0.49
DSCR
$6,652
Rent
-$3,606
Cashflow
Cash Flow
$6,652 income − $10,258 expenses = $3,606 out of pocket
Investment Breakdown
|
Purchase Price
$1200k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$270k
Downpayment
20%
$240k
Closing costs
1%
$12,000
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,652
Total Expenses
$10,258
Mortgage P&I
98%
$6,516
Property Taxes
16%
$1,060
Home Insurance
6%
$420
HOA
0%
$0
Property Management
12%
$798
CapEx
4%
$266
Vacancy
3%
$200
Maintenance
4%
$266
Other
11%
$732