This property looks like a bad Mid-Term investment with a projected -13.44% first-year return on $249k initial cash invested.
-13.44%
Cash On Cash
3.67%
Cap Rate
0.57
DSCR
$6,886
Rent
-$2,786
Cashflow
Cash Flow
$6,886 income − $9,672 expenses = $2,786 out of pocket
Investment Breakdown
|
Purchase Price
$1099k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$249k
Downpayment
20%
$220k
Closing costs
1%
$10,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,886
Total Expenses
$9,672
Mortgage P&I
85%
$5,875
Property Taxes
16%
$1,072
Home Insurance
6%
$385
HOA
0%
$0
Property Management
12%
$826
CapEx
4%
$275
Vacancy
3%
$207
Maintenance
4%
$275
Other
11%
$757