This property looks like a bad Mid-Term investment with a projected -0.97% first-year return on $64,284 initial cash invested.
-0.97%
Cash On Cash
6.79%
Cap Rate
1.02
DSCR
$2,018
Rent
-$52
Cashflow
Cash Flow
$2,018 income − $2,070 expenses = $52 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,284
Downpayment
20%
$44,080
Closing costs
1%
$2,204
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,018
Total Expenses
$2,070
Mortgage P&I
60%
$1,218
Property Taxes
4%
$83
Home Insurance
4%
$82
HOA
0%
$0
Property Management
12%
$242
CapEx
4%
$81
Vacancy
3%
$61
Maintenance
4%
$81
Other
11%
$222