This property looks like a bad Mid-Term investment with a projected -25.59% first-year return on $249k initial cash invested.
-25.59%
Cash On Cash
0.92%
Cap Rate
0.14
DSCR
$2,493
Rent
-$5,309
Cashflow
Cash Flow
$2,493 income − $7,802 expenses = $5,309 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
$2,493
Total Expenses
$7,802
Mortgage P&I
243%
$6,056
Property Taxes
20%
$492
Home Insurance
15%
$385
HOA
1%
$21
Property Management
12%
$299
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$274