This property looks like a bad Mid-Term investment with a projected -15.82% first-year return on $291k initial cash invested.
-15.82%
Cash On Cash
2.81%
Cap Rate
0.46
DSCR
$6,681
Rent
-$3,834
Cashflow
Cash Flow
$6,681 income − $10,515 expenses = $3,834 out of pocket
Investment Breakdown
|
Purchase Price
$1299k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$291k
Downpayment
20%
$260k
Closing costs
1%
$12,993
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,681
Total Expenses
$10,515
Mortgage P&I
99%
$6,610
Property Taxes
18%
$1,170
Home Insurance
7%
$464
HOA
0%
$0
Property Management
12%
$802
CapEx
4%
$267
Vacancy
3%
$200
Maintenance
4%
$267
Other
11%
$735