This property looks like a bad Mid-Term investment with a projected -18.53% first-year return on $291k initial cash invested.
-18.53%
Cash On Cash
2.77%
Cap Rate
0.41
DSCR
$6,324
Rent
-$4,486
Cashflow
Cash Flow
$6,324 income − $10,810 expenses = $4,486 out of pocket
Investment Breakdown
|
Purchase Price
$1298k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$291k
Downpayment
20%
$260k
Closing costs
1%
$12,980
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,324
Total Expenses
$10,810
Mortgage P&I
114%
$7,224
Property Taxes
15%
$963
Home Insurance
7%
$472
HOA
0%
$0
Property Management
12%
$759
CapEx
4%
$253
Vacancy
3%
$190
Maintenance
4%
$253
Other
11%
$696