This property looks like a bad Mid-Term investment with a projected -13.1% first-year return on $220k initial cash invested.
-13.1%
Cash On Cash
3.55%
Cap Rate
0.56
DSCR
$4,634
Rent
-$2,397
Cashflow
Cash Flow
$4,634 income − $7,031 expenses = $2,397 out of pocket
Investment Breakdown
|
Purchase Price
$960k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$220k
Downpayment
20%
$192k
Closing costs
1%
$9,600
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,634
Total Expenses
$7,031
Mortgage P&I
109%
$5,049
Property Taxes
2%
$71
Home Insurance
7%
$336
HOA
0%
$0
Property Management
12%
$556
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$510