This property looks like a bad Mid-Term investment with a projected -10.76% first-year return on $251k initial cash invested.
-10.76%
Cash On Cash
4.45%
Cap Rate
0.68
DSCR
$7,956
Rent
-$2,253
Cashflow
Cash Flow
$7,956 income − $10,209 expenses = $2,253 out of pocket
Investment Breakdown
|
Purchase Price
$1111k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$251k
Downpayment
20%
$222k
Closing costs
1%
$11,112
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,956
Total Expenses
$10,209
Mortgage P&I
76%
$6,053
Property Taxes
13%
$1,050
Home Insurance
5%
$401
HOA
0%
$0
Property Management
12%
$955
CapEx
4%
$318
Vacancy
3%
$239
Maintenance
4%
$318
Other
11%
$875