This property looks like a bad Mid-Term investment with a projected -13.45% first-year return on $251k initial cash invested.
-13.45%
Cash On Cash
3.82%
Cap Rate
0.58
DSCR
$7,490
Rent
-$2,814
Cashflow
Cash Flow
$7,490 income − $10,304 expenses = $2,814 out of pocket
Investment Breakdown
|
Purchase Price
$1109k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$251k
Downpayment
20%
$222k
Closing costs
1%
$11,094
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,490
Total Expenses
$10,304
Mortgage P&I
81%
$6,044
Property Taxes
17%
$1,248
Home Insurance
6%
$464
HOA
0%
$0
Property Management
12%
$899
CapEx
4%
$300
Vacancy
3%
$225
Maintenance
4%
$300
Other
11%
$824