This property looks like a bad Mid-Term investment with a projected -24.35% first-year return on $291k initial cash invested.
-24.35%
Cash On Cash
0.9%
Cap Rate
0.14
DSCR
$2,472
Rent
-$5,906
Cashflow
Cash Flow
$2,472 income − $8,378 expenses = $5,906 out of pocket
Investment Breakdown
|
Purchase Price
$1300k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,472
Total Expenses
$8,378
Mortgage P&I
274%
$6,781
Property Taxes
12%
$301
Home Insurance
18%
$455
HOA
0%
$0
Property Management
12%
$297
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$272