This property looks like a bad Mid-Term investment with a projected -15.61% first-year return on $291k initial cash invested.
-15.61%
Cash On Cash
3.26%
Cap Rate
0.5
DSCR
$7,152
Rent
-$3,786
Cashflow
Cash Flow
$7,152 income − $10,938 expenses = $3,786 out of pocket
Investment Breakdown
|
Purchase Price
$1300k
Downpayment
20.0%
Interest Rate
7.2%
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
$7,152
Total Expenses
$10,938
Mortgage P&I
98%
$7,035
Property Taxes
14%
$1,016
Home Insurance
6%
$455
HOA
0%
$0
Property Management
12%
$858
CapEx
4%
$286
Vacancy
3%
$215
Maintenance
4%
$286
Other
11%
$787