This property looks like a bad Mid-Term investment with a projected -17.02% first-year return on $270k initial cash invested.
-17.02%
Cash On Cash
3.16%
Cap Rate
0.47
DSCR
$6,098
Rent
-$3,830
Cashflow
Cash Flow
$6,098 income − $9,928 expenses = $3,830 out of pocket
Investment Breakdown
|
Purchase Price
$1200k
Downpayment
20.0%
Interest Rate
7.6%
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
$6,098
Total Expenses
$9,928
Mortgage P&I
111%
$6,749
Property Taxes
11%
$685
Home Insurance
7%
$420
HOA
0%
$0
Property Management
12%
$732
CapEx
4%
$244
Vacancy
3%
$183
Maintenance
4%
$244
Other
11%
$671