This property looks like a bad Mid-Term investment with a projected -5.18% first-year return on $220k initial cash invested.
-5.18%
Cash On Cash
5.6%
Cap Rate
0.88
DSCR
$7,719
Rent
-$949
Cashflow
Cash Flow
$7,719 income − $8,668 expenses = $949 out of pocket
Investment Breakdown
|
Purchase Price
$961k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$220k
Downpayment
20%
$192k
Closing costs
1%
$9,612
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,719
Total Expenses
$8,668
Mortgage P&I
66%
$5,126
Property Taxes
7%
$567
Home Insurance
5%
$350
HOA
0%
$0
Property Management
12%
$926
CapEx
4%
$309
Vacancy
3%
$232
Maintenance
4%
$309
Other
11%
$849