This property looks like a bad Mid-Term investment with a projected -20.45% first-year return on $260k initial cash invested.
-20.45%
Cash On Cash
2.17%
Cap Rate
0.33
DSCR
$5,226
Rent
-$4,424
Cashflow
Cash Flow
$5,226 income − $9,650 expenses = $4,424 out of pocket
Investment Breakdown
|
Purchase Price
$1151k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$260k
Downpayment
20%
$230k
Closing costs
1%
$11,506
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,226
Total Expenses
$9,650
Mortgage P&I
120%
$6,294
Property Taxes
22%
$1,159
Home Insurance
8%
$420
HOA
0%
$0
Property Management
12%
$627
CapEx
4%
$209
Vacancy
3%
$157
Maintenance
4%
$209
Other
11%
$575