This property looks like a bad Mid-Term investment with a projected -17.53% first-year return on $260k initial cash invested.
-17.53%
Cash On Cash
2.33%
Cap Rate
0.38
DSCR
$4,348
Rent
-$3,791
Cashflow
Cash Flow
$4,348 income − $8,139 expenses = $3,791 out of pocket
Investment Breakdown
|
Purchase Price
$1150k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$260k
Downpayment
20%
$230k
Closing costs
1%
$11,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,348
Total Expenses
$8,139
Mortgage P&I
135%
$5,848
Property Taxes
9%
$411
Home Insurance
9%
$402
HOA
0%
$0
Property Management
12%
$522
CapEx
4%
$174
Vacancy
3%
$130
Maintenance
4%
$174
Other
11%
$478