This property looks like a bad Mid-Term investment with a projected -18.91% first-year return on $220k initial cash invested.
-18.91%
Cash On Cash
2.17%
Cap Rate
0.34
DSCR
$3,654
Rent
-$3,463
Cashflow
Cash Flow
$3,654 income − $7,117 expenses = $3,463 out of pocket
Investment Breakdown
|
Purchase Price
$961k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$220k
Downpayment
20%
$192k
Closing costs
1%
$9,609
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,654
Total Expenses
$7,117
Mortgage P&I
138%
$5,057
Property Taxes
13%
$468
Home Insurance
10%
$350
HOA
0%
$0
Property Management
12%
$438
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402