This property looks like a bad Mid-Term investment with a projected -12.64% first-year return on $270k initial cash invested.
-12.64%
Cash On Cash
4.06%
Cap Rate
0.62
DSCR
$8,080
Rent
-$2,844
Cashflow
Cash Flow
$8,080 income − $10,924 expenses = $2,844 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
$8,080
Total Expenses
$10,924
Mortgage P&I
81%
$6,577
Property Taxes
15%
$1,180
Home Insurance
5%
$420
HOA
0%
$0
Property Management
12%
$970
CapEx
4%
$323
Vacancy
3%
$242
Maintenance
4%
$323
Other
11%
$889