This property looks like a bad Mid-Term investment with a projected -13.31% first-year return on $270k initial cash invested.
-13.31%
Cash On Cash
3.92%
Cap Rate
0.59
DSCR
$7,792
Rent
-$2,989
Cashflow
Cash Flow
$7,792 income − $10,781 expenses = $2,989 out of pocket
Investment Breakdown
|
Purchase Price
$1198k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$270k
Downpayment
20%
$240k
Closing costs
1%
$11,980
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,792
Total Expenses
$10,781
Mortgage P&I
85%
$6,594
Property Taxes
14%
$1,118
Home Insurance
5%
$419
HOA
0%
$0
Property Management
12%
$935
CapEx
4%
$312
Vacancy
3%
$234
Maintenance
4%
$312
Other
11%
$857