This property looks like a bad Mid-Term investment with a projected -2.04% first-year return on $64,179 initial cash invested.
-2.04%
Cash On Cash
6.28%
Cap Rate
0.98
DSCR
$2,040
Rent
-$109
Cashflow
Cash Flow
$2,040 income − $2,149 expenses = $109 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,179
Downpayment
20%
$43,980
Closing costs
1%
$2,199
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,040
Total Expenses
$2,149
Mortgage P&I
58%
$1,177
Property Taxes
10%
$201
Home Insurance
4%
$77
HOA
0%
$0
Property Management
12%
$245
CapEx
4%
$82
Vacancy
3%
$61
Maintenance
4%
$82
Other
11%
$224