This property looks like a bad Mid-Term investment with a projected -16.51% first-year return on $291k initial cash invested.
-16.51%
Cash On Cash
3.04%
Cap Rate
0.47
DSCR
$7,152
Rent
-$4,000
Cashflow
Cash Flow
$7,152 income − $11,152 expenses = $4,000 out of pocket
Investment Breakdown
|
Purchase Price
$1299k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$291k
Downpayment
20%
$260k
Closing costs
1%
$12,989
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,152
Total Expenses
$11,152
Mortgage P&I
98%
$7,000
Property Taxes
18%
$1,268
Home Insurance
6%
$452
HOA
0%
$0
Property Management
12%
$858
CapEx
4%
$286
Vacancy
3%
$215
Maintenance
4%
$286
Other
11%
$787