This property looks like a bad Mid-Term investment with a projected -22.78% first-year return on $247k initial cash invested.
-22.78%
Cash On Cash
1.45%
Cap Rate
0.23
DSCR
$4,666
Rent
-$4,687
Cashflow
Cash Flow
$4,666 income − $9,353 expenses = $4,687 out of pocket
Investment Breakdown
|
Purchase Price
$1090k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$247k
Downpayment
20%
$218k
Closing costs
1%
$10,900
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,666
Total Expenses
$9,353
Mortgage P&I
125%
$5,817
Property Taxes
20%
$917
Home Insurance
8%
$382
HOA
14%
$650
Property Management
12%
$560
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$513