This property looks like a bad Mid-Term investment with a projected -13.02% first-year return on $250k initial cash invested.
-13.02%
Cash On Cash
3.55%
Cap Rate
0.57
DSCR
$5,798
Rent
-$2,709
Cashflow
Cash Flow
$5,798 income − $8,507 expenses = $2,709 out of pocket
Investment Breakdown
|
Purchase Price
$1103k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$250k
Downpayment
20%
$221k
Closing costs
1%
$11,030
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,798
Total Expenses
$8,507
Mortgage P&I
99%
$5,739
Property Taxes
7%
$394
Home Insurance
7%
$402
HOA
0%
$0
Property Management
12%
$696
CapEx
4%
$232
Vacancy
3%
$174
Maintenance
4%
$232
Other
11%
$638