This property looks like a bad Mid-Term investment with a projected -13.31% first-year return on $260k initial cash invested.
-13.31%
Cash On Cash
3.32%
Cap Rate
0.55
DSCR
$6,056
Rent
-$2,879
Cashflow
Cash Flow
$6,056 income − $8,935 expenses = $2,879 out of pocket
Investment Breakdown
|
Purchase Price
$1150k
Downpayment
20.0%
Interest Rate
6.5%
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
$6,056
Total Expenses
$8,935
Mortgage P&I
96%
$5,815
Property Taxes
11%
$659
Home Insurance
7%
$402
HOA
0%
$0
Property Management
12%
$727
CapEx
4%
$242
Vacancy
3%
$182
Maintenance
4%
$242
Other
11%
$666