This property looks like a bad Mid-Term investment with a projected -14.18% first-year return on $249k initial cash invested.
-14.18%
Cash On Cash
3.17%
Cap Rate
0.52
DSCR
$6,314
Rent
-$2,943
Cashflow
Cash Flow
$6,314 income − $9,257 expenses = $2,943 out of pocket
Investment Breakdown
|
Purchase Price
$1100k
Downpayment
20.0%
Interest Rate
6.6%
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
$6,314
Total Expenses
$9,257
Mortgage P&I
89%
$5,596
Property Taxes
18%
$1,128
Home Insurance
6%
$385
HOA
0%
$0
Property Management
12%
$758
CapEx
4%
$253
Vacancy
3%
$189
Maintenance
4%
$253
Other
11%
$695