This property looks like a bad Mid-Term investment with a projected -19.18% first-year return on $291k initial cash invested.
-19.18%
Cash On Cash
2.6%
Cap Rate
0.39
DSCR
$4,936
Rent
-$4,652
Cashflow
Cash Flow
$4,936 income − $9,588 expenses = $4,652 out of pocket
Investment Breakdown
|
Purchase Price
$1300k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$291k
Downpayment
20%
$260k
Closing costs
1%
$13,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,936
Total Expenses
$9,588
Mortgage P&I
147%
$7,272
Property Taxes
4%
$184
Home Insurance
9%
$455
HOA
0%
$0
Property Management
12%
$592
CapEx
4%
$197
Vacancy
3%
$148
Maintenance
4%
$197
Other
11%
$543