This property looks like a bad Mid-Term investment with a projected -30.01% first-year return on $291k initial cash invested.
-30.01%
Cash On Cash
-0.37%
Cap Rate
-0.06
DSCR
$1,210
Rent
-$7,277
Cashflow
Cash Flow
$1,210 income − $8,487 expenses = $7,277 out of pocket
Investment Breakdown
|
Purchase Price
$1300k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,210
Total Expenses
$8,487
Mortgage P&I
565%
$6,831
Property Taxes
65%
$791
Home Insurance
38%
$455
HOA
0%
$0
Property Management
12%
$145
CapEx
4%
$48
Vacancy
3%
$36
Maintenance
4%
$48
Other
11%
$133