This property looks like a bad Mid-Term investment with a projected -14.24% first-year return on $270k initial cash invested.
-14.24%
Cash On Cash
3.34%
Cap Rate
0.53
DSCR
$6,976
Rent
-$3,202
Cashflow
Cash Flow
$6,976 income − $10,178 expenses = $3,202 out of pocket
Investment Breakdown
|
Purchase Price
$1199k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$270k
Downpayment
20%
$240k
Closing costs
1%
$11,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,976
Total Expenses
$10,178
Mortgage P&I
90%
$6,258
Property Taxes
16%
$1,129
Home Insurance
6%
$420
HOA
0%
$0
Property Management
12%
$837
CapEx
4%
$279
Vacancy
3%
$209
Maintenance
4%
$279
Other
11%
$767