This property looks like a bad Mid-Term investment with a projected -18.1% first-year return on $270k initial cash invested.
-18.1%
Cash On Cash
2.76%
Cap Rate
0.42
DSCR
$5,738
Rent
-$4,073
Cashflow
Cash Flow
$5,738 income − $9,811 expenses = $4,073 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
$5,738
Total Expenses
$9,811
Mortgage P&I
115%
$6,606
Property Taxes
15%
$833
Home Insurance
7%
$420
HOA
0%
$0
Property Management
12%
$689
CapEx
4%
$230
Vacancy
3%
$172
Maintenance
4%
$230
Other
11%
$631