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This property looks like a bad Mid-Term investment with a projected -13.14% first-year return on $270k initial cash invested.
-13.14%
Cash On Cash
3.42%
Cap Rate
0.56
DSCR
$7,034
Rent
-$2,957
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,034 income − $9,991 expenses = $2,957 out of pocket
Investment Breakdown
|
Purchase Price
$1200k
Downpayment
20.0%
Interest Rate
6.5%
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
$7,034
Total Expenses
$9,991
Mortgage P&I
87%
$6,093
Property Taxes
15%
$1,087
Home Insurance
6%
$420
HOA
0%
$0
Property Management
12%
$844
CapEx
4%
$281
Vacancy
3%
$211
Maintenance
4%
$281
Other
11%
$774