This property looks like a bad Mid-Term investment with a projected -18.56% first-year return on $260k initial cash invested.
-18.56%
Cash On Cash
2.7%
Cap Rate
0.4
DSCR
$4,508
Rent
-$4,013
Cashflow
Cash Flow
$4,508 income − $8,521 expenses = $4,013 out of pocket
Investment Breakdown
|
Purchase Price
$1150k
Downpayment
20.0%
Interest Rate
7.5%
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
$4,508
Total Expenses
$8,521
Mortgage P&I
142%
$6,421
Property Taxes
4%
$163
Home Insurance
9%
$402
HOA
0%
$3
Property Management
12%
$541
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$496