This property looks like a bad Mid-Term investment with a projected -21.89% first-year return on $247k initial cash invested.
-21.89%
Cash On Cash
1.58%
Cap Rate
0.25
DSCR
$3,450
Rent
-$4,496
Cashflow
Cash Flow
$3,450 income − $7,946 expenses = $4,496 out of pocket
Investment Breakdown
|
Purchase Price
$1088k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$247k
Downpayment
20%
$218k
Closing costs
1%
$10,882
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,450
Total Expenses
$7,946
Mortgage P&I
168%
$5,792
Property Taxes
17%
$578
Home Insurance
12%
$402
HOA
0%
$0
Property Management
12%
$414
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$380