This property looks like a bad Mid-Term investment with a projected -14.97% first-year return on $249k initial cash invested.
-14.97%
Cash On Cash
3.47%
Cap Rate
0.53
DSCR
$6,642
Rent
-$3,106
Cashflow
Cash Flow
$6,642 income − $9,748 expenses = $3,106 out of pocket
Investment Breakdown
|
Purchase Price
$1100k
Downpayment
20.0%
Interest Rate
7.3%
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
$6,642
Total Expenses
$9,748
Mortgage P&I
91%
$6,022
Property Taxes
16%
$1,082
Home Insurance
6%
$385
HOA
0%
$0
Property Management
12%
$797
CapEx
4%
$266
Vacancy
3%
$199
Maintenance
4%
$266
Other
11%
$731