This property looks like a bad Mid-Term investment with a projected -15.82% first-year return on $260k initial cash invested.
-15.82%
Cash On Cash
2.6%
Cap Rate
0.44
DSCR
$4,874
Rent
-$3,422
Cashflow
Cash Flow
$4,874 income − $8,296 expenses = $3,422 out of pocket
Investment Breakdown
|
Purchase Price
$1150k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$260k
Downpayment
20%
$230k
Closing costs
1%
$11,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,874
Total Expenses
$8,296
Mortgage P&I
117%
$5,714
Property Taxes
11%
$523
Home Insurance
8%
$402
HOA
0%
$0
Property Management
12%
$585
CapEx
4%
$195
Vacancy
3%
$146
Maintenance
4%
$195
Other
11%
$536