This property looks like a bad Mid-Term investment with a projected -14.99% first-year return on $270k initial cash invested.
-14.99%
Cash On Cash
3.5%
Cap Rate
0.53
DSCR
$6,604
Rent
-$3,372
Cashflow
Cash Flow
$6,604 income − $9,976 expenses = $3,372 out of pocket
Investment Breakdown
|
Purchase Price
$1200k
Downpayment
20.0%
Interest Rate
7.3%
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
$6,604
Total Expenses
$9,976
Mortgage P&I
100%
$6,610
Property Taxes
10%
$667
Home Insurance
6%
$420
HOA
1%
$35
Property Management
12%
$792
CapEx
4%
$264
Vacancy
3%
$198
Maintenance
4%
$264
Other
11%
$726