This property looks like a bad Mid-Term investment with a projected -15.23% first-year return on $260k initial cash invested.
-15.23%
Cash On Cash
3.27%
Cap Rate
0.51
DSCR
$6,663
Rent
-$3,294
Cashflow
Cash Flow
$6,663 income − $9,957 expenses = $3,294 out of pocket
Investment Breakdown
|
Purchase Price
$1150k
Downpayment
20.0%
Interest Rate
7.1%
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
$6,663
Total Expenses
$9,957
Mortgage P&I
92%
$6,157
Property Taxes
17%
$1,131
Home Insurance
6%
$402
HOA
0%
$0
Property Management
12%
$800
CapEx
4%
$267
Vacancy
3%
$200
Maintenance
4%
$267
Other
11%
$733