This property looks like a bad Mid-Term investment with a projected -28.03% first-year return on $289k initial cash invested.
-28.03%
Cash On Cash
0.13%
Cap Rate
0.02
DSCR
$3,396
Rent
-$6,744
Cashflow
Cash Flow
$3,396 income − $10,140 expenses = $6,744 out of pocket
Investment Breakdown
|
Purchase Price
$1289k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$289k
Downpayment
20%
$258k
Closing costs
1%
$12,893
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,396
Total Expenses
$10,140
Mortgage P&I
199%
$6,743
Property Taxes
35%
$1,193
Home Insurance
31%
$1,048
HOA
0%
$0
Property Management
12%
$408
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$374