This property looks like a bad Mid-Term investment with a projected -17.1% first-year return on $270k initial cash invested.
-17.1%
Cash On Cash
2.92%
Cap Rate
0.45
DSCR
$5,384
Rent
-$3,847
Cashflow
Cash Flow
$5,384 income − $9,231 expenses = $3,847 out of pocket
Investment Breakdown
|
Purchase Price
$1200k
Downpayment
20.0%
Interest Rate
7.3%
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
$5,384
Total Expenses
$9,231
Mortgage P&I
122%
$6,554
Property Taxes
8%
$421
Home Insurance
8%
$420
HOA
0%
$6
Property Management
12%
$646
CapEx
4%
$215
Vacancy
3%
$162
Maintenance
4%
$215
Other
11%
$592