This property looks like a bad Mid-Term investment with a projected -18.86% first-year return on $260k initial cash invested.
-18.86%
Cash On Cash
2%
Cap Rate
0.33
DSCR
$3,824
Rent
-$4,078
Cashflow
Cash Flow
$3,824 income − $7,902 expenses = $4,078 out of pocket
Investment Breakdown
|
Purchase Price
$1150k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$260k
Downpayment
20%
$230k
Closing costs
1%
$11,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,824
Total Expenses
$7,902
Mortgage P&I
153%
$5,839
Property Taxes
8%
$318
Home Insurance
11%
$402
HOA
1%
$42
Property Management
12%
$459
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$421