This property looks like a bad Mid-Term investment with a projected -17.08% first-year return on $290k initial cash invested.
-17.08%
Cash On Cash
3.01%
Cap Rate
0.46
DSCR
$7,340
Rent
-$4,126
Cashflow
Cash Flow
$7,340 income − $11,466 expenses = $4,126 out of pocket
Investment Breakdown
|
Purchase Price
$1295k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$290k
Downpayment
20%
$259k
Closing costs
1%
$12,947
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,340
Total Expenses
$11,466
Mortgage P&I
96%
$7,082
Property Taxes
19%
$1,389
Home Insurance
7%
$499
HOA
0%
$0
Property Management
12%
$881
CapEx
4%
$294
Vacancy
3%
$220
Maintenance
4%
$294
Other
11%
$807