This property looks like a bad Mid-Term investment with a projected -17.59% first-year return on $291k initial cash invested.
-17.59%
Cash On Cash
2.78%
Cap Rate
0.43
DSCR
$6,778
Rent
-$4,265
Cashflow
Cash Flow
$6,778 income − $11,043 expenses = $4,265 out of pocket
Investment Breakdown
|
Purchase Price
$1300k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$291k
Downpayment
20%
$260k
Closing costs
1%
$13,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,778
Total Expenses
$11,043
Mortgage P&I
103%
$7,006
Property Taxes
19%
$1,278
Home Insurance
7%
$455
HOA
0%
$0
Property Management
12%
$813
CapEx
4%
$271
Vacancy
3%
$203
Maintenance
4%
$271
Other
11%
$746