This property looks like a bad Mid-Term investment with a projected -7.74% first-year return on $64,200 initial cash invested.
-7.74%
Cash On Cash
4.43%
Cap Rate
0.7
DSCR
$1,606
Rent
-$414
Cashflow
Cash Flow
$1,606 income − $2,020 expenses = $414 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,606
Total Expenses
$2,020
Mortgage P&I
72%
$1,163
Property Taxes
15%
$234
Home Insurance
5%
$77
HOA
0%
$0
Property Management
12%
$193
CapEx
4%
$64
Vacancy
3%
$48
Maintenance
4%
$64
Other
11%
$177