This property looks like a bad Mid-Term investment with a projected -20.82% first-year return on $291k initial cash invested.
-20.82%
Cash On Cash
1.56%
Cap Rate
0.26
DSCR
$3,172
Rent
-$5,049
Cashflow
Cash Flow
$3,172 income − $8,221 expenses = $5,049 out of pocket
Investment Breakdown
|
Purchase Price
$1300k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,172
Total Expenses
$8,221
Mortgage P&I
208%
$6,608
Property Taxes
2%
$79
Home Insurance
14%
$455
HOA
0%
$0
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349