This property looks like a bad Mid-Term investment with a projected -14.77% first-year return on $249k initial cash invested.
-14.77%
Cash On Cash
3.55%
Cap Rate
0.54
DSCR
$6,273
Rent
-$3,065
Cashflow
Cash Flow
$6,273 income − $9,338 expenses = $3,065 out of pocket
Investment Breakdown
|
Purchase Price
$1100k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$249k
Downpayment
20%
$220k
Closing costs
1%
$11,000
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,273
Total Expenses
$9,338
Mortgage P&I
97%
$6,064
Property Taxes
12%
$756
Home Insurance
6%
$385
HOA
0%
$0
Property Management
12%
$753
CapEx
4%
$251
Vacancy
3%
$188
Maintenance
4%
$251
Other
11%
$690