This property looks like a bad Mid-Term investment with a projected -11.05% first-year return on $249k initial cash invested.
-11.05%
Cash On Cash
4.45%
Cap Rate
0.67
DSCR
$7,924
Rent
-$2,293
Cashflow
Cash Flow
$7,924 income − $10,217 expenses = $2,293 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
$7,924
Total Expenses
$10,217
Mortgage P&I
76%
$6,055
Property Taxes
14%
$1,082
Home Insurance
5%
$385
HOA
0%
$0
Property Management
12%
$951
CapEx
4%
$317
Vacancy
3%
$238
Maintenance
4%
$317
Other
11%
$872