This property looks like a bad Mid-Term investment with a projected -10.78% first-year return on $249k initial cash invested.
-10.78%
Cash On Cash
4.26%
Cap Rate
0.67
DSCR
$7,536
Rent
-$2,238
Cashflow
Cash Flow
$7,536 income − $9,774 expenses = $2,238 out of pocket
Investment Breakdown
|
Purchase Price
$1101k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$249k
Downpayment
20%
$220k
Closing costs
1%
$11,007
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,536
Total Expenses
$9,774
Mortgage P&I
78%
$5,843
Property Taxes
13%
$981
Home Insurance
5%
$389
HOA
0%
$0
Property Management
12%
$904
CapEx
4%
$301
Vacancy
3%
$226
Maintenance
4%
$301
Other
11%
$829