This property looks like a bad Mid-Term investment with a projected -19.78% first-year return on $249k initial cash invested.
-19.78%
Cash On Cash
2.41%
Cap Rate
0.36
DSCR
$4,876
Rent
-$4,112
Cashflow
Cash Flow
$4,876 income − $8,988 expenses = $4,112 out of pocket
Investment Breakdown
|
Purchase Price
$1102k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$249k
Downpayment
20%
$220k
Closing costs
1%
$11,021
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,876
Total Expenses
$8,988
Mortgage P&I
126%
$6,133
Property Taxes
14%
$702
Home Insurance
8%
$396
HOA
2%
$100
Property Management
12%
$585
CapEx
4%
$195
Vacancy
3%
$146
Maintenance
4%
$195
Other
11%
$536