This property looks like a bad Mid-Term investment with a projected -30.17% first-year return on $249k initial cash invested.
-30.17%
Cash On Cash
0%
Cap Rate
0
DSCR
$1,456
Rent
-$6,260
Cashflow
Cash Flow
$1,456 income − $7,716 expenses = $6,260 out of pocket
Investment Breakdown
|
Purchase Price
$1100k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,456
Total Expenses
$7,716
Mortgage P&I
426%
$6,204
Property Taxes
43%
$632
Home Insurance
26%
$385
HOA
0%
$0
Property Management
12%
$175
CapEx
4%
$58
Vacancy
3%
$44
Maintenance
4%
$58
Other
11%
$160