This property looks like a bad Mid-Term investment with a projected -18.09% first-year return on $270k initial cash invested.
-18.09%
Cash On Cash
2.47%
Cap Rate
0.39
DSCR
$4,746
Rent
-$4,064
Cashflow
Cash Flow
$4,746 income − $8,810 expenses = $4,064 out of pocket
Investment Breakdown
|
Purchase Price
$1198k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$270k
Downpayment
20%
$240k
Closing costs
1%
$11,980
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,746
Total Expenses
$8,810
Mortgage P&I
134%
$6,340
Property Taxes
7%
$319
Home Insurance
9%
$437
HOA
2%
$100
Property Management
12%
$570
CapEx
4%
$190
Vacancy
3%
$142
Maintenance
4%
$190
Other
11%
$522