This property looks like a bad Mid-Term investment with a projected -2.67% first-year return on $64,200 initial cash invested.
-2.67%
Cash On Cash
6.43%
Cap Rate
0.96
DSCR
$2,392
Rent
-$143
Cashflow
Cash Flow
$2,392 income − $2,535 expenses = $143 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,200
Downpayment
20%
$44,000
Closing costs
1%
$2,200
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,392
Total Expenses
$2,535
Mortgage P&I
51%
$1,226
Property Taxes
17%
$418
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$287
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$263