This property looks like a bad Mid-Term investment with a projected -21.33% first-year return on $220k initial cash invested.
-21.33%
Cash On Cash
1.87%
Cap Rate
0.29
DSCR
$4,569
Rent
-$3,905
Cashflow
Cash Flow
$4,569 income − $8,474 expenses = $3,905 out of pocket
Investment Breakdown
|
Purchase Price
$961k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$220k
Downpayment
20%
$192k
Closing costs
1%
$9,606
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,569
Total Expenses
$8,474
Mortgage P&I
114%
$5,216
Property Taxes
21%
$955
Home Insurance
8%
$346
HOA
9%
$403
Property Management
12%
$548
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$503