This property looks like a bad Mid-Term investment with a projected -18.28% first-year return on $249k initial cash invested.
-18.28%
Cash On Cash
2.24%
Cap Rate
0.37
DSCR
$5,654
Rent
-$3,793
Cashflow
Cash Flow
$5,654 income − $9,447 expenses = $3,793 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
$5,654
Total Expenses
$9,447
Mortgage P&I
99%
$5,620
Property Taxes
27%
$1,520
Home Insurance
7%
$385
HOA
0%
$0
Property Management
12%
$678
CapEx
4%
$226
Vacancy
3%
$170
Maintenance
4%
$226
Other
11%
$622