This property looks like a bad Mid-Term investment with a projected -21.68% first-year return on $270k initial cash invested.
-21.68%
Cash On Cash
1.78%
Cap Rate
0.28
DSCR
$4,890
Rent
-$4,875
Cashflow
Cash Flow
$4,890 income − $9,765 expenses = $4,875 out of pocket
Investment Breakdown
|
Purchase Price
$1199k
Downpayment
20.0%
Interest Rate
7.1%
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
$4,890
Total Expenses
$9,765
Mortgage P&I
132%
$6,462
Property Taxes
25%
$1,219
Home Insurance
9%
$420
HOA
0%
$0
Property Management
12%
$587
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$538