This property looks like a bad Mid-Term investment with a projected -13.47% first-year return on $270k initial cash invested.
-13.47%
Cash On Cash
3.63%
Cap Rate
0.57
DSCR
$7,590
Rent
-$3,034
Cashflow
Cash Flow
$7,590 income − $10,624 expenses = $3,034 out of pocket
Investment Breakdown
|
Purchase Price
$1202k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$270k
Downpayment
20%
$240k
Closing costs
1%
$12,016
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,590
Total Expenses
$10,624
Mortgage P&I
84%
$6,368
Property Taxes
15%
$1,149
Home Insurance
7%
$525
HOA
0%
$0
Property Management
12%
$911
CapEx
4%
$304
Vacancy
3%
$228
Maintenance
4%
$304
Other
11%
$835