This property looks like a bad Mid-Term investment with a projected -23.88% first-year return on $270k initial cash invested.
-23.88%
Cash On Cash
1.32%
Cap Rate
0.2
DSCR
$4,377
Rent
-$5,373
Cashflow
Cash Flow
$4,377 income − $9,750 expenses = $5,373 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%
$12,000
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,377
Total Expenses
$9,750
Mortgage P&I
149%
$6,522
Property Taxes
30%
$1,321
Home Insurance
10%
$420
HOA
0%
$0
Property Management
12%
$525
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$481