This property looks like a bad Mid-Term investment with a projected -24.42% first-year return on $291k initial cash invested.
-24.42%
Cash On Cash
0.59%
Cap Rate
0.1
DSCR
$2,978
Rent
-$5,922
Cashflow
Cash Flow
$2,978 income − $8,900 expenses = $5,922 out of pocket
Investment Breakdown
|
Purchase Price
$1300k
Downpayment
20.0%
Interest Rate
6.3%
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
$2,978
Total Expenses
$8,900
Mortgage P&I
216%
$6,445
Property Taxes
33%
$988
Home Insurance
15%
$455
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$328