This property looks like a bad Mid-Term investment with a projected -18.83% first-year return on $291k initial cash invested.
-18.83%
Cash On Cash
2.3%
Cap Rate
0.36
DSCR
$4,828
Rent
-$4,567
Cashflow
Cash Flow
$4,828 income − $9,395 expenses = $4,567 out of pocket
Investment Breakdown
|
Purchase Price
$1300k
Downpayment
20.0%
Interest Rate
6.9%
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
$4,828
Total Expenses
$9,395
Mortgage P&I
142%
$6,868
Property Taxes
9%
$431
Home Insurance
9%
$455
HOA
0%
$0
Property Management
12%
$579
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$531