This property looks like a bad Mid-Term investment with a projected -16.43% first-year return on $291k initial cash invested.
-16.43%
Cash On Cash
2.9%
Cap Rate
0.46
DSCR
$5,918
Rent
-$3,982
Cashflow
Cash Flow
$5,918 income − $9,900 expenses = $3,982 out of pocket
Investment Breakdown
|
Purchase Price
$1299k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$291k
Downpayment
20%
$260k
Closing costs
1%
$12,990
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,918
Total Expenses
$9,900
Mortgage P&I
116%
$6,889
Property Taxes
5%
$318
Home Insurance
8%
$455
HOA
4%
$225
Property Management
12%
$710
CapEx
4%
$237
Vacancy
3%
$178
Maintenance
4%
$237
Other
11%
$651