This property looks like a bad Mid-Term investment with a projected -17.49% first-year return on $290k initial cash invested.
-17.49%
Cash On Cash
2.69%
Cap Rate
0.42
DSCR
$6,434
Rent
-$4,226
Cashflow
Cash Flow
$6,434 income − $10,660 expenses = $4,226 out of pocket
Investment Breakdown
|
Purchase Price
$1295k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$290k
Downpayment
20%
$259k
Closing costs
1%
$12,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,434
Total Expenses
$10,660
Mortgage P&I
107%
$6,876
Property Taxes
18%
$1,144
Home Insurance
7%
$453
HOA
0%
$0
Property Management
12%
$772
CapEx
4%
$257
Vacancy
3%
$193
Maintenance
4%
$257
Other
11%
$708