This property looks like a bad Mid-Term investment with a projected -22.68% first-year return on $249k initial cash invested.
-22.68%
Cash On Cash
1.68%
Cap Rate
0.25
DSCR
$3,225
Rent
-$4,707
Cashflow
Cash Flow
$3,225 income − $7,932 expenses = $4,707 out of pocket
Investment Breakdown
|
Purchase Price
$1100k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,225
Total Expenses
$7,932
Mortgage P&I
190%
$6,121
Property Taxes
9%
$296
Home Insurance
12%
$385
HOA
1%
$33
Property Management
12%
$387
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$355