This property looks like a bad Mid-Term investment with a projected -16% first-year return on $270k initial cash invested.
-16%
Cash On Cash
3.15%
Cap Rate
0.49
DSCR
$6,794
Rent
-$3,601
Cashflow
Cash Flow
$6,794 income − $10,395 expenses = $3,601 out of pocket
Investment Breakdown
|
Purchase Price
$1200k
Downpayment
20.0%
Interest Rate
7.1%
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
$6,794
Total Expenses
$10,395
Mortgage P&I
95%
$6,475
Property Taxes
18%
$1,190
Home Insurance
6%
$420
HOA
0%
$0
Property Management
12%
$815
CapEx
4%
$272
Vacancy
3%
$204
Maintenance
4%
$272
Other
11%
$747