This property looks like a bad Mid-Term investment with a projected -26.89% first-year return on $290k initial cash invested.
-26.89%
Cash On Cash
0.67%
Cap Rate
0.1
DSCR
$3,526
Rent
-$6,505
Cashflow
Cash Flow
$3,526 income − $10,031 expenses = $6,505 out of pocket
Investment Breakdown
|
Purchase Price
$1297k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$290k
Downpayment
20%
$259k
Closing costs
1%
$12,966
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,526
Total Expenses
$10,031
Mortgage P&I
201%
$7,089
Property Taxes
36%
$1,271
Home Insurance
13%
$472
HOA
0%
$0
Property Management
12%
$423
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388