This property looks like a bad Mid-Term investment with a projected -7.9% first-year return on $289k initial cash invested.
-7.9%
Cash On Cash
5.29%
Cap Rate
0.79
DSCR
$10,344
Rent
-$1,903
Cashflow
Cash Flow
$10,344 income − $12,247 expenses = $1,903 out of pocket
Investment Breakdown
|
Purchase Price
$1291k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$289k
Downpayment
20%
$258k
Closing costs
1%
$12,907
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,344
Total Expenses
$12,247
Mortgage P&I
69%
$7,176
Property Taxes
10%
$1,066
Home Insurance
5%
$488
HOA
0%
$0
Property Management
12%
$1,241
CapEx
4%
$414
Vacancy
3%
$310
Maintenance
4%
$414
Other
11%
$1,138