This property looks like a bad Mid-Term investment with a projected -22.21% first-year return on $248k initial cash invested.
-22.21%
Cash On Cash
1.78%
Cap Rate
0.27
DSCR
$4,028
Rent
-$4,590
Cashflow
Cash Flow
$4,028 income − $8,618 expenses = $4,590 out of pocket
Investment Breakdown
|
Purchase Price
$1095k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$248k
Downpayment
20%
$219k
Closing costs
1%
$10,950
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,028
Total Expenses
$8,618
Mortgage P&I
150%
$6,055
Property Taxes
20%
$811
Home Insurance
10%
$383
HOA
0%
$0
Property Management
12%
$483
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$443