This property looks like a bad Mid-Term investment with a projected -6.68% first-year return on $64,179 initial cash invested.
-6.68%
Cash On Cash
5.16%
Cap Rate
0.77
DSCR
$1,872
Rent
-$357
Cashflow
Cash Flow
$1,872 income − $2,229 expenses = $357 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,872
Total Expenses
$2,229
Mortgage P&I
66%
$1,227
Property Taxes
15%
$288
Home Insurance
4%
$77
HOA
0%
$0
Property Management
12%
$225
CapEx
4%
$75
Vacancy
3%
$56
Maintenance
4%
$75
Other
11%
$206