This property looks like a bad Mid-Term investment with a projected -13.25% first-year return on $249k initial cash invested.
-13.25%
Cash On Cash
3.31%
Cap Rate
0.55
DSCR
$5,692
Rent
-$2,749
Cashflow
Cash Flow
$5,692 income − $8,441 expenses = $2,749 out of pocket
Investment Breakdown
|
Purchase Price
$1100k
Downpayment
20.0%
Interest Rate
6.5%
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
$5,692
Total Expenses
$8,441
Mortgage P&I
98%
$5,555
Property Taxes
9%
$493
Home Insurance
7%
$385
HOA
1%
$72
Property Management
12%
$683
CapEx
4%
$228
Vacancy
3%
$171
Maintenance
4%
$228
Other
11%
$626