This property looks like a bad Mid-Term investment with a projected -1.65% first-year return on $64,179 initial cash invested.
-1.65%
Cash On Cash
6.7%
Cap Rate
1
DSCR
$2,216
Rent
-$88
Cashflow
Cash Flow
$2,216 income − $2,304 expenses = $88 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,179
Downpayment
20%
$43,980
Closing costs
1%
$2,199
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,216
Total Expenses
$2,304
Mortgage P&I
55%
$1,227
Property Taxes
11%
$243
Home Insurance
4%
$80
HOA
0%
$0
Property Management
12%
$266
CapEx
4%
$89
Vacancy
3%
$66
Maintenance
4%
$89
Other
11%
$244