This property looks like a bad Mid-Term investment with a projected -16.61% first-year return on $290k initial cash invested.
-16.61%
Cash On Cash
3.11%
Cap Rate
0.47
DSCR
$7,200
Rent
-$4,011
Cashflow
Cash Flow
$7,200 income − $11,211 expenses = $4,011 out of pocket
Investment Breakdown
|
Purchase Price
$1294k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$290k
Downpayment
20%
$259k
Closing costs
1%
$12,943
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,200
Total Expenses
$11,211
Mortgage P&I
98%
$7,080
Property Taxes
17%
$1,230
Home Insurance
6%
$453
HOA
0%
$0
Property Management
12%
$864
CapEx
4%
$288
Vacancy
3%
$216
Maintenance
4%
$288
Other
11%
$792