This property looks like a bad Mid-Term investment with a projected -22.46% first-year return on $260k initial cash invested.
-22.46%
Cash On Cash
1.67%
Cap Rate
0.25
DSCR
$4,394
Rent
-$4,856
Cashflow
Cash Flow
$4,394 income − $9,250 expenses = $4,856 out of pocket
Investment Breakdown
|
Purchase Price
$1150k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,394
Total Expenses
$9,250
Mortgage P&I
143%
$6,281
Property Taxes
24%
$1,073
Home Insurance
9%
$402
HOA
0%
$0
Property Management
12%
$527
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$483