This property looks like a bad Mid-Term investment with a projected -21.27% first-year return on $270k initial cash invested.
-21.27%
Cash On Cash
1.78%
Cap Rate
0.28
DSCR
$5,426
Rent
-$4,785
Cashflow
Cash Flow
$5,426 income − $10,211 expenses = $4,785 out of pocket
Investment Breakdown
|
Purchase Price
$1200k
Downpayment
20.0%
Interest Rate
6.9%
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
$5,426
Total Expenses
$10,211
Mortgage P&I
117%
$6,346
Property Taxes
29%
$1,600
Home Insurance
8%
$420
HOA
0%
$0
Property Management
12%
$651
CapEx
4%
$217
Vacancy
3%
$163
Maintenance
4%
$217
Other
11%
$597