This property looks like a bad Mid-Term investment with a projected -5.84% first-year return on $291k initial cash invested.
-5.84%
Cash On Cash
5.66%
Cap Rate
0.86
DSCR
$10,802
Rent
-$1,417
Cashflow
Cash Flow
$10,802 income − $12,219 expenses = $1,417 out of pocket
Investment Breakdown
|
Purchase Price
$1301k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$291k
Downpayment
20%
$260k
Closing costs
1%
$13,009
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,802
Total Expenses
$12,219
Mortgage P&I
66%
$7,125
Property Taxes
4%
$459
Home Insurance
5%
$490
HOA
4%
$473
Property Management
12%
$1,296
CapEx
4%
$432
Vacancy
3%
$324
Maintenance
4%
$432
Other
11%
$1,188