This property looks like a bad Mid-Term investment with a projected -14.35% first-year return on $220k initial cash invested.
-14.35%
Cash On Cash
3.26%
Cap Rate
0.52
DSCR
$5,175
Rent
-$2,627
Cashflow
Cash Flow
$5,175 income − $7,802 expenses = $2,627 out of pocket
Investment Breakdown
|
Purchase Price
$960k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$220k
Downpayment
20%
$192k
Closing costs
1%
$9,601
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,175
Total Expenses
$7,802
Mortgage P&I
97%
$5,032
Property Taxes
13%
$661
Home Insurance
7%
$350
HOA
0%
$0
Property Management
12%
$621
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$569