This property looks like a bad Mid-Term investment with a projected -24.59% first-year return on $270k initial cash invested.
-24.59%
Cash On Cash
1.21%
Cap Rate
0.18
DSCR
$3,831
Rent
-$5,532
Cashflow
Cash Flow
$3,831 income − $9,363 expenses = $5,532 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
$3,831
Total Expenses
$9,363
Mortgage P&I
172%
$6,586
Property Taxes
28%
$1,055
Home Insurance
11%
$420
HOA
0%
$0
Property Management
12%
$460
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$421