This property looks like a bad Mid-Term investment with a projected -21.2% first-year return on $249k initial cash invested.
-21.2%
Cash On Cash
1.75%
Cap Rate
0.27
DSCR
$4,200
Rent
-$4,399
Cashflow
Cash Flow
$4,200 income − $8,599 expenses = $4,399 out of pocket
Investment Breakdown
|
Purchase Price
$1100k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,200
Total Expenses
$8,599
Mortgage P&I
139%
$5,833
Property Taxes
23%
$953
Home Insurance
9%
$385
HOA
0%
$0
Property Management
12%
$504
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$462