This property looks like a bad Mid-Term investment with a projected -19.24% first-year return on $270k initial cash invested.
-19.24%
Cash On Cash
2.43%
Cap Rate
0.37
DSCR
$5,218
Rent
-$4,329
Cashflow
Cash Flow
$5,218 income − $9,547 expenses = $4,329 out of pocket
Investment Breakdown
|
Purchase Price
$1200k
Downpayment
20.0%
Interest Rate
7.3%
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
$5,218
Total Expenses
$9,547
Mortgage P&I
126%
$6,549
Property Taxes
15%
$803
Home Insurance
8%
$420
HOA
0%
$0
Property Management
12%
$626
CapEx
4%
$209
Vacancy
3%
$157
Maintenance
4%
$209
Other
11%
$574