This property looks like a bad Mid-Term investment with a projected -16.02% first-year return on $249k initial cash invested.
-16.02%
Cash On Cash
2.53%
Cap Rate
0.42
DSCR
$4,312
Rent
-$3,321
Cashflow
Cash Flow
$4,312 income − $7,633 expenses = $3,321 out of pocket
Investment Breakdown
|
Purchase Price
$1099k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$249k
Downpayment
20%
$220k
Closing costs
1%
$10,991
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,312
Total Expenses
$7,633
Mortgage P&I
127%
$5,469
Property Taxes
6%
$269
Home Insurance
9%
$402
HOA
1%
$29
Property Management
12%
$517
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$474