This property looks like a bad Mid-Term investment with a projected -21.34% first-year return on $260k initial cash invested.
-21.34%
Cash On Cash
1.97%
Cap Rate
0.3
DSCR
$3,678
Rent
-$4,615
Cashflow
Cash Flow
$3,678 income − $8,293 expenses = $4,615 out of pocket
Investment Breakdown
|
Purchase Price
$1150k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,678
Total Expenses
$8,293
Mortgage P&I
173%
$6,354
Property Taxes
8%
$287
Home Insurance
11%
$402
HOA
0%
$0
Property Management
12%
$441
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$405