This property looks like a bad Mid-Term investment with a projected -0.21% first-year return on $64,200 initial cash invested.
-0.21%
Cash On Cash
7.09%
Cap Rate
1.07
DSCR
$2,301
Rent
-$11
Cashflow
Cash Flow
$2,301 income − $2,312 expenses = $11 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,200
Downpayment
20%
$44,000
Closing costs
1%
$2,200
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,301
Total Expenses
$2,312
Mortgage P&I
53%
$1,219
Property Taxes
10%
$234
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$276
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$253