This property looks like a bad Mid-Term investment with a projected -17.51% first-year return on $220k initial cash invested.
-17.51%
Cash On Cash
2.77%
Cap Rate
0.42
DSCR
$4,432
Rent
-$3,217
Cashflow
Cash Flow
$4,432 income − $7,649 expenses = $3,217 out of pocket
Investment Breakdown
|
Purchase Price
$964k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$220k
Downpayment
20%
$193k
Closing costs
1%
$9,641
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,432
Total Expenses
$7,649
Mortgage P&I
119%
$5,268
Property Taxes
10%
$456
Home Insurance
8%
$343
HOA
2%
$75
Property Management
12%
$532
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$488