This property looks like a bad Mid-Term investment with a projected -21.19% first-year return on $293k initial cash invested.
-21.19%
Cash On Cash
1.85%
Cap Rate
0.29
DSCR
$5,289
Rent
-$5,169
Cashflow
Cash Flow
$5,289 income − $10,458 expenses = $5,169 out of pocket
Investment Breakdown
|
Purchase Price
$1308k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$293k
Downpayment
20%
$262k
Closing costs
1%
$13,082
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,289
Total Expenses
$10,458
Mortgage P&I
132%
$6,972
Property Taxes
23%
$1,217
Home Insurance
9%
$469
HOA
0%
$0
Property Management
12%
$635
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$582