This property looks like a bad Mid-Term investment with a projected -8.87% first-year return on $249k initial cash invested.
-8.87%
Cash On Cash
4.98%
Cap Rate
0.75
DSCR
$8,468
Rent
-$1,841
Cashflow
Cash Flow
$8,468 income − $10,309 expenses = $1,841 out of pocket
Investment Breakdown
|
Purchase Price
$1100k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$249k
Downpayment
20%
$220k
Closing costs
1%
$10,999
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$8,468
Total Expenses
$10,309
Mortgage P&I
72%
$6,064
Property Taxes
12%
$981
Home Insurance
5%
$385
HOA
0%
$0
Property Management
12%
$1,016
CapEx
4%
$339
Vacancy
3%
$254
Maintenance
4%
$339
Other
11%
$931