This property looks like a bad Mid-Term investment with a projected -13.41% first-year return on $270k initial cash invested.
-13.41%
Cash On Cash
3.32%
Cap Rate
0.55
DSCR
$6,254
Rent
-$3,018
Cashflow
Cash Flow
$6,254 income − $9,272 expenses = $3,018 out of pocket
Investment Breakdown
|
Purchase Price
$1200k
Downpayment
20.0%
Interest Rate
6.5%
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
$6,254
Total Expenses
$9,272
Mortgage P&I
97%
$6,087
Property Taxes
10%
$639
Home Insurance
7%
$420
HOA
0%
$0
Property Management
12%
$750
CapEx
4%
$250
Vacancy
3%
$188
Maintenance
4%
$250
Other
11%
$688