This property looks like a bad Mid-Term investment with a projected -21.77% first-year return on $290k initial cash invested.
-21.77%
Cash On Cash
1.81%
Cap Rate
0.28
DSCR
$4,485
Rent
-$5,259
Cashflow
Cash Flow
$4,485 income − $9,744 expenses = $5,259 out of pocket
Investment Breakdown
|
Purchase Price
$1295k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$290k
Downpayment
20%
$259k
Closing costs
1%
$12,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,485
Total Expenses
$9,744
Mortgage P&I
157%
$7,034
Property Taxes
13%
$575
Home Insurance
10%
$453
HOA
4%
$158
Property Management
12%
$538
CapEx
4%
$179
Vacancy
3%
$135
Maintenance
4%
$179
Other
11%
$493