This property looks like a bad Mid-Term investment with a projected -15.22% first-year return on $220k initial cash invested.
-15.22%
Cash On Cash
3.32%
Cap Rate
0.51
DSCR
$5,624
Rent
-$2,785
Cashflow
Cash Flow
$5,624 income − $8,409 expenses = $2,785 out of pocket
Investment Breakdown
|
Purchase Price
$960k
Downpayment
20.0%
Interest Rate
7.2%
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
$5,624
Total Expenses
$8,409
Mortgage P&I
93%
$5,213
Property Taxes
17%
$933
Home Insurance
6%
$350
HOA
0%
$0
Property Management
12%
$675
CapEx
4%
$225
Vacancy
3%
$169
Maintenance
4%
$225
Other
11%
$619