This property looks like a bad Mid-Term investment with a projected -18.94% first-year return on $249k initial cash invested.
-18.94%
Cash On Cash
2.31%
Cap Rate
0.36
DSCR
$5,247
Rent
-$3,930
Cashflow
Cash Flow
$5,247 income − $9,177 expenses = $3,930 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%
$10,999
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,247
Total Expenses
$9,177
Mortgage P&I
111%
$5,834
Property Taxes
21%
$1,082
Home Insurance
7%
$385
HOA
2%
$92
Property Management
12%
$630
CapEx
4%
$210
Vacancy
3%
$157
Maintenance
4%
$210
Other
11%
$577