This property looks like a bad Mid-Term investment with a projected -8% first-year return on $64,179 initial cash invested.
-8%
Cash On Cash
4.74%
Cap Rate
0.7
DSCR
$1,568
Rent
-$428
Cashflow
Cash Flow
$1,568 income − $1,996 expenses = $428 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
$1,568
Total Expenses
$1,996
Mortgage P&I
79%
$1,234
Property Taxes
10%
$152
Home Insurance
5%
$77
HOA
0%
$0
Property Management
12%
$188
CapEx
4%
$63
Vacancy
3%
$47
Maintenance
4%
$63
Other
11%
$172