This property looks like a bad Mid-Term investment with a projected -15.99% first-year return on $270k initial cash invested.
-15.99%
Cash On Cash
3.19%
Cap Rate
0.49
DSCR
$6,472
Rent
-$3,597
Cashflow
Cash Flow
$6,472 income − $10,069 expenses = $3,597 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%
$11,999
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,472
Total Expenses
$10,069
Mortgage P&I
101%
$6,528
Property Taxes
14%
$920
Home Insurance
6%
$420
HOA
0%
$0
Property Management
12%
$777
CapEx
4%
$259
Vacancy
3%
$194
Maintenance
4%
$259
Other
11%
$712