This property looks like a bad Mid-Term investment with a projected -25.75% first-year return on $290k initial cash invested.
-25.75%
Cash On Cash
1.16%
Cap Rate
0.17
DSCR
$3,366
Rent
-$6,223
Cashflow
Cash Flow
$3,366 income − $9,589 expenses = $6,223 out of pocket
Investment Breakdown
|
Purchase Price
$1295k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$290k
Downpayment
20%
$259k
Closing costs
1%
$12,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,366
Total Expenses
$9,589
Mortgage P&I
218%
$7,343
Property Taxes
19%
$648
Home Insurance
13%
$453
HOA
0%
$0
Property Management
12%
$404
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$370