This property looks like a bad Mid-Term investment with a projected -11.2% first-year return on $64,158 initial cash invested.
-11.2%
Cash On Cash
3.75%
Cap Rate
0.56
DSCR
$1,402
Rent
-$599
Cashflow
Cash Flow
$1,402 income − $2,001 expenses = $599 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,158
Downpayment
20%
$43,960
Closing costs
1%
$2,198
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,402
Total Expenses
$2,001
Mortgage P&I
88%
$1,229
Property Taxes
15%
$216
Home Insurance
6%
$80
HOA
0%
$0
Property Management
12%
$168
CapEx
4%
$56
Vacancy
3%
$42
Maintenance
4%
$56
Other
11%
$154