This property looks like a bad Mid-Term investment with a projected -24.38% first-year return on $260k initial cash invested.
-24.38%
Cash On Cash
1.2%
Cap Rate
0.18
DSCR
$2,744
Rent
-$5,273
Cashflow
Cash Flow
$2,744 income − $8,017 expenses = $5,273 out of pocket
Investment Breakdown
|
Purchase Price
$1150k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,744
Total Expenses
$8,017
Mortgage P&I
230%
$6,315
Property Taxes
13%
$367
Home Insurance
15%
$402
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302