This property looks like a bad Mid-Term investment with a projected -22.18% first-year return on $260k initial cash invested.
-22.18%
Cash On Cash
1.2%
Cap Rate
0.2
DSCR
$3,778
Rent
-$4,797
Cashflow
Cash Flow
$3,778 income − $8,575 expenses = $4,797 out of pocket
Investment Breakdown
|
Purchase Price
$1150k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,778
Total Expenses
$8,575
Mortgage P&I
153%
$5,794
Property Taxes
28%
$1,051
Home Insurance
11%
$402
HOA
1%
$44
Property Management
12%
$453
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$416