This property looks like a bad Mid-Term investment with a projected -19.77% first-year return on $249k initial cash invested.
-19.77%
Cash On Cash
2.32%
Cap Rate
0.35
DSCR
$5,176
Rent
-$4,099
Cashflow
Cash Flow
$5,176 income − $9,275 expenses = $4,099 out of pocket
Investment Breakdown
|
Purchase Price
$1099k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$249k
Downpayment
20%
$220k
Closing costs
1%
$10,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,176
Total Expenses
$9,275
Mortgage P&I
116%
$6,014
Property Taxes
22%
$1,117
Home Insurance
7%
$385
HOA
0%
$0
Property Management
12%
$621
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$569