This property looks like a bad Mid-Term investment with a projected -11.27% first-year return on $293k initial cash invested.
-11.27%
Cash On Cash
4.28%
Cap Rate
0.66
DSCR
$8,760
Rent
-$2,749
Cashflow
Cash Flow
$8,760 income − $11,509 expenses = $2,749 out of pocket
Investment Breakdown
|
Purchase Price
$1308k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$293k
Downpayment
20%
$262k
Closing costs
1%
$13,078
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,760
Total Expenses
$11,509
Mortgage P&I
81%
$7,064
Property Taxes
12%
$1,082
Home Insurance
4%
$385
HOA
0%
$0
Property Management
12%
$1,051
CapEx
4%
$350
Vacancy
3%
$263
Maintenance
4%
$350
Other
11%
$964