This property looks like a bad Mid-Term investment with a projected -15.55% first-year return on $292k initial cash invested.
-15.55%
Cash On Cash
2.88%
Cap Rate
0.47
DSCR
$7,208
Rent
-$3,786
Cashflow
Cash Flow
$7,208 income − $10,994 expenses = $3,786 out of pocket
Investment Breakdown
|
Purchase Price
$1306k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$292k
Downpayment
20%
$261k
Closing costs
1%
$13,059
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,208
Total Expenses
$10,994
Mortgage P&I
92%
$6,634
Property Taxes
21%
$1,490
Home Insurance
6%
$420
HOA
0%
$0
Property Management
12%
$865
CapEx
4%
$288
Vacancy
3%
$216
Maintenance
4%
$288
Other
11%
$793