This property looks like a bad Mid-Term investment with a projected -3.43% first-year return on $291k initial cash invested.
-3.43%
Cash On Cash
5.97%
Cap Rate
0.94
DSCR
$10,458
Rent
-$832
Cashflow
Cash Flow
$10,458 income − $11,290 expenses = $832 out of pocket
Investment Breakdown
|
Purchase Price
$1299k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$291k
Downpayment
20%
$260k
Closing costs
1%
$12,990
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,458
Total Expenses
$11,290
Mortgage P&I
66%
$6,878
Property Taxes
4%
$402
Home Insurance
4%
$455
HOA
0%
$0
Property Management
12%
$1,255
CapEx
4%
$418
Vacancy
3%
$314
Maintenance
4%
$418
Other
11%
$1,150