This property looks like a bad Mid-Term investment with a projected -15.97% first-year return on $270k initial cash invested.
-15.97%
Cash On Cash
3.21%
Cap Rate
0.49
DSCR
$6,758
Rent
-$3,590
Cashflow
Cash Flow
$6,758 income − $10,348 expenses = $3,590 out of pocket
Investment Breakdown
|
Purchase Price
$1199k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$270k
Downpayment
20%
$240k
Closing costs
1%
$11,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,758
Total Expenses
$10,348
Mortgage P&I
97%
$6,532
Property Taxes
16%
$1,099
Home Insurance
6%
$420
HOA
0%
$0
Property Management
12%
$811
CapEx
4%
$270
Vacancy
3%
$203
Maintenance
4%
$270
Other
11%
$743