This property looks like a bad Mid-Term investment with a projected -13.29% first-year return on $260k initial cash invested.
-13.29%
Cash On Cash
3.85%
Cap Rate
0.59
DSCR
$7,382
Rent
-$2,874
Cashflow
Cash Flow
$7,382 income − $10,256 expenses = $2,874 out of pocket
Investment Breakdown
|
Purchase Price
$1150k
Downpayment
20.0%
Interest Rate
7.2%
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
$7,382
Total Expenses
$10,256
Mortgage P&I
85%
$6,272
Property Taxes
15%
$1,073
Home Insurance
5%
$402
HOA
0%
$0
Property Management
12%
$886
CapEx
4%
$295
Vacancy
3%
$221
Maintenance
4%
$295
Other
11%
$812