This property looks like a bad Mid-Term investment with a projected -19.48% first-year return on $270k initial cash invested.
-19.48%
Cash On Cash
2.59%
Cap Rate
0.38
DSCR
$5,314
Rent
-$4,384
Cashflow
Cash Flow
$5,314 income − $9,698 expenses = $4,384 out of pocket
Investment Breakdown
|
Purchase Price
$1200k
Downpayment
20.0%
Interest Rate
7.6%
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
$5,314
Total Expenses
$9,698
Mortgage P&I
127%
$6,759
Property Taxes
13%
$711
Home Insurance
8%
$420
HOA
0%
$0
Property Management
12%
$638
CapEx
4%
$213
Vacancy
3%
$159
Maintenance
4%
$213
Other
11%
$585