This property looks like a bad Mid-Term investment with a projected -15.52% first-year return on $270k initial cash invested.
-15.52%
Cash On Cash
3.05%
Cap Rate
0.49
DSCR
$6,632
Rent
-$3,492
Cashflow
Cash Flow
$6,632 income − $10,124 expenses = $3,492 out of pocket
Investment Breakdown
|
Purchase Price
$1200k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$270k
Downpayment
20%
$240k
Closing costs
1%
$11,999
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,632
Total Expenses
$10,124
Mortgage P&I
95%
$6,279
Property Taxes
18%
$1,170
Home Insurance
6%
$420
HOA
0%
$0
Property Management
12%
$796
CapEx
4%
$265
Vacancy
3%
$199
Maintenance
4%
$265
Other
11%
$730