This property looks like a bad Mid-Term investment with a projected -12.07% first-year return on $289k initial cash invested.
-12.07%
Cash On Cash
4.16%
Cap Rate
0.64
DSCR
$8,958
Rent
-$2,904
Cashflow
Cash Flow
$8,958 income − $11,862 expenses = $2,904 out of pocket
Investment Breakdown
|
Purchase Price
$1290k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$289k
Downpayment
20%
$258k
Closing costs
1%
$12,895
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,958
Total Expenses
$11,862
Mortgage P&I
78%
$7,019
Property Taxes
15%
$1,326
Home Insurance
5%
$472
HOA
0%
$0
Property Management
12%
$1,075
CapEx
4%
$358
Vacancy
3%
$269
Maintenance
4%
$358
Other
11%
$985