This property looks like a bad Mid-Term investment with a projected -13.32% first-year return on $220k initial cash invested.
-13.32%
Cash On Cash
3.86%
Cap Rate
0.58
DSCR
$5,679
Rent
-$2,443
Cashflow
Cash Flow
$5,679 income − $8,122 expenses = $2,443 out of pocket
Investment Breakdown
|
Purchase Price
$962k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$220k
Downpayment
20%
$192k
Closing costs
1%
$9,620
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,679
Total Expenses
$8,122
Mortgage P&I
94%
$5,311
Property Taxes
10%
$540
Home Insurance
6%
$341
HOA
0%
$0
Property Management
12%
$681
CapEx
4%
$227
Vacancy
3%
$170
Maintenance
4%
$227
Other
11%
$625