This property looks like a bad Mid-Term investment with a projected -2.8% first-year return on $64,200 initial cash invested.
-2.8%
Cash On Cash
6.25%
Cap Rate
0.94
DSCR
$1,804
Rent
-$150
Cashflow
Cash Flow
$1,804 income − $1,954 expenses = $150 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,804
Total Expenses
$1,954
Mortgage P&I
68%
$1,223
Property Taxes
2%
$42
Home Insurance
4%
$77
HOA
0%
$0
Property Management
12%
$216
CapEx
4%
$72
Vacancy
3%
$54
Maintenance
4%
$72
Other
11%
$198