This property looks like a bad Mid-Term investment with a projected -21.87% first-year return on $270k initial cash invested.
-21.87%
Cash On Cash
1.2%
Cap Rate
0.2
DSCR
$2,828
Rent
-$4,921
Cashflow
Cash Flow
$2,828 income − $7,749 expenses = $4,921 out of pocket
Investment Breakdown
|
Purchase Price
$1200k
Downpayment
20.0%
Interest Rate
6.4%
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
$2,828
Total Expenses
$7,749
Mortgage P&I
213%
$6,012
Property Taxes
13%
$356
Home Insurance
15%
$420
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311