This property looks like a bad Mid-Term investment with a projected -19.55% first-year return on $220k initial cash invested.
-19.55%
Cash On Cash
2.28%
Cap Rate
0.35
DSCR
$4,401
Rent
-$3,580
Cashflow
Cash Flow
$4,401 income − $7,981 expenses = $3,580 out of pocket
Investment Breakdown
|
Purchase Price
$961k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$220k
Downpayment
20%
$192k
Closing costs
1%
$9,606
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,401
Total Expenses
$7,981
Mortgage P&I
119%
$5,233
Property Taxes
21%
$904
Home Insurance
8%
$348
HOA
0%
$0
Property Management
12%
$528
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$484