This property looks like a bad Mid-Term investment with a projected -2.84% first-year return on $64,200 initial cash invested.
-2.84%
Cash On Cash
6.13%
Cap Rate
0.95
DSCR
$2,194
Rent
-$152
Cashflow
Cash Flow
$2,194 income − $2,346 expenses = $152 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,200
Downpayment
20%
$44,000
Closing costs
1%
$2,200
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,194
Total Expenses
$2,346
Mortgage P&I
54%
$1,187
Property Taxes
15%
$336
Home Insurance
4%
$77
HOA
0%
$0
Property Management
12%
$263
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$241