This property looks like a bad Mid-Term investment with a projected -22.54% first-year return on $270k initial cash invested.
-22.54%
Cash On Cash
1.41%
Cap Rate
0.22
DSCR
$2,890
Rent
-$5,068
Cashflow
Cash Flow
$2,890 income − $7,958 expenses = $5,068 out of pocket
Investment Breakdown
|
Purchase Price
$1199k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,890
Total Expenses
$7,958
Mortgage P&I
220%
$6,364
Property Taxes
7%
$190
Home Insurance
15%
$420
HOA
0%
$0
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318