This property looks like a bad Mid-Term investment with a projected -10.31% first-year return on $291k initial cash invested.
-10.31%
Cash On Cash
4.05%
Cap Rate
0.67
DSCR
$7,443
Rent
-$2,499
Cashflow
Cash Flow
$7,443 income − $9,942 expenses = $2,499 out of pocket
Investment Breakdown
|
Purchase Price
$1300k
Downpayment
20.0%
Interest Rate
6.5%
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
$7,443
Total Expenses
$9,942
Mortgage P&I
88%
$6,586
Property Taxes
5%
$370
Home Insurance
6%
$455
HOA
0%
$0
Property Management
12%
$893
CapEx
4%
$298
Vacancy
3%
$223
Maintenance
4%
$298
Other
11%
$819