This property looks like a bad Mid-Term investment with a projected -14.69% first-year return on $291k initial cash invested.
-14.69%
Cash On Cash
3.35%
Cap Rate
0.53
DSCR
$7,646
Rent
-$3,563
Cashflow
Cash Flow
$7,646 income − $11,209 expenses = $3,563 out of pocket
Investment Breakdown
|
Purchase Price
$1300k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$291k
Downpayment
20%
$260k
Closing costs
1%
$13,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,646
Total Expenses
$11,209
Mortgage P&I
90%
$6,886
Property Taxes
17%
$1,268
Home Insurance
6%
$455
HOA
0%
$0
Property Management
12%
$918
CapEx
4%
$306
Vacancy
3%
$229
Maintenance
4%
$306
Other
11%
$841