This property looks like a bad Mid-Term investment with a projected -20.93% first-year return on $249k initial cash invested.
-20.93%
Cash On Cash
2.08%
Cap Rate
0.31
DSCR
$3,894
Rent
-$4,342
Cashflow
Cash Flow
$3,894 income − $8,236 expenses = $4,342 out of pocket
Investment Breakdown
|
Purchase Price
$1100k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,894
Total Expenses
$8,236
Mortgage P&I
156%
$6,092
Property Taxes
11%
$435
Home Insurance
10%
$385
HOA
0%
$0
Property Management
12%
$467
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$428