This property looks like a bad Mid-Term investment with a projected -20.32% first-year return on $249k initial cash invested.
-20.32%
Cash On Cash
1.98%
Cap Rate
0.31
DSCR
$6,488
Rent
-$4,216
Cashflow
Cash Flow
$6,488 income − $10,704 expenses = $4,216 out of pocket
Investment Breakdown
|
Purchase Price
$1100k
Downpayment
20.0%
Interest Rate
6.8%
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
$6,488
Total Expenses
$10,704
Mortgage P&I
89%
$5,769
Property Taxes
36%
$2,342
Home Insurance
6%
$385
HOA
0%
$0
Property Management
12%
$779
CapEx
4%
$260
Vacancy
3%
$195
Maintenance
4%
$260
Other
11%
$714